[TheThinkTank] KRGV News Story

tom emm tom48236 at gmail.com
Mon May 12 11:37:09 PDT 2008


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> <b>$4-a-gallon gas boosting bicycle sales, repairs</b>
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> <a href="http://www.krgv.com/Video/News/991153.wvx">Watch Video</a>
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>      BISMARCK, N.D. (AP) - Across the country, high gas prices are
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> kicking bicycle sales into high gear. <P>
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>      Bike dealers say they're seeing customers dusting off their old
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> two-wheelers -- or buying new ones -- to cope with rising fuel
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> prices. <P>
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>      A spokesman for the Washington. D.C.-based League of American
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> Bicyclists says there's a definite increase in people riding bikes. <P>
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>      He says, "it's due to a mixture of things but escalating gas
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> prices is one of them." <P>
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>      About 18 million bicycles have been sold annually in the U.S.
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> over the past few years. The National Bicycle Dealers Association
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> says that adds up to about six billion dollars in annual sales. A
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> spokesman says bike shops across the country are reporting strong
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> sales so far this year. And more people are bringing in bikes that
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> have been idling at home. <P>
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>      A Bismarck, North Dakota, man who opened a shop in April says he
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> sold more than 50 bikes in the first month -- double his
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> projections. He says everyone who walks in the store is talking
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> about gas prices. <P>
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>      (Copyright 2008 by The Associated Press.  All Rights Reserved.) <P>
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