Economy going to crap? Not if your selling bikes!

The bicycle market is bullish - Souring gas prices are proving a boom to businesses selling bicycles. Electric bicycles are finding themselves in a bull market. The stores cannot keep stock on shelves. When people aren't buying bikes, they are taking old ones out of the shed for repair.
United States
September 28, 2008 7:18am CST
The economy has gone for the most part sour. Gas prices going through the roof (along with most other prices) is causing US auto makers a lot of headaches. SUV's can't be given away! Car commuters are defiantly feeling the pain. * Souring gas prices are proving a boom to businesses selling bicycles. Electric bicycles are finding themselves in a bull market. The stores cannot keep stock on shelves. When people aren't buying bikes, they are taking old ones out of the shed for repair. * Electric bicycles are relatively cheap to buy compared to a car. Top of the line goes $4,000 brand new. Cars can't be looked at, even the econo-cheapo-cars, for less than $10,000 new. These little two wheelers with 'go' power are also very cheap to run. Improved batteries on some models can go 25 miles on a charge, further if the cyclist pedals to assist the battery. Schwinn claims the battery's good for 25 miles and can be recharged in as little as seven minutes using a commercial charger (about 30 minutes from an outlet). E-bikes don't require licenses to ride either as they are slower than a car or a moped. * The gas powered bicycles use gas by the teaspoon. Their tanks can't hold a single half gallon of gas.
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