Gas Prices Knock Bicycle Sales, Repairs Into Higher Gear

BISMARCK, N.D. -- Four-dollar-a-gallon gas is good for business - if you run a bike shop. Commuters around the country are dusting off their old two-wheelers - or buying new ones - to cope with rising fuel prices, bicycle dealers say. About 18 million bicycles have been sold annually in the U.S. over the past few years, accounting for about $6 billion in annual sales, said Fred Clements, executive director the National Bicycle Dealers Association in Costa Mesa, Calif. The League of American Bicyclists is promoting Bike-to-Work Week this week and Bike-to-Work Day on May 16. Nesper said he expects a record number of people will be pedaling this year. There's almost nowhere for the numbers to go but up: The group says less than one-half of 1 percent of Americans ride a bike to work.
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Posted by Editor at May 13, 2008 01:46 AM