Gas prices boost bike and moped sales -

Gas prices boost bike sales

With gas prices idling north of $4.00 a gallon in Hawaii, Luke Kudray parked his Nissan and now pedals to work downtown.

"It takes me 20 minutes in a car, 10 minutes on a bike," the financial analyst said.

Bicycle sales mirror surges in gas prices across the country. At The Bike Shop on King Street in Honolulu, more people are searching for cheaper modes of transportation. Bikes that collapse for easy storage are hot sellers. So are consumer-friendly rides that start at $275 and top out at $2,000.

"You spend $2,000 on a bicycle, you're getting basically a Mercedes or BMW quality. You spend $2,000 on a car, you're getting something that's in the shop all the time," The Bike Shop manager Chris Blumenstetter said.

At Pacific Mopeds, sales of motorized two-wheelers have steadily climbed as gas prices have gone up and stayed there.

"A hundred miles a gallon. You can't go wrong," manager Nick Youngleson said. "Parking wise, it makes a lot more sense for workers downtown than paying $300 a month."

He estimates you can pay off a moped in six months with the money you pay to gas up an SUV or a mid-size car.

At The Bike Shop, sales are up 30 percent over this time last year. Bike makers are cashing in on the gas crunch.

"They're offering bicycles now that are more eco-friendly with racks on it and fenders," Blumenstetter said. "It makes the commuter a little bit more comfortable,"

Comfort in the back pocket can offset the pain at the pump.

"Our whole office started trying to bike to work," Kudray said.

Judging by the bicycle racks downtown, more and more people are peddling it.

Copyright 2012 America Now. All rights reserved


  • Most Popular StoriesMost Popular StoriesMore>>

  • Six deadly foods for dogs

    Six deadly foods for dogs

    Every pet owner knows a dog can get into just about anything around the house. One woman found that out the hard way when her dog ate a bunch of grapes! Turns out, that's one of the most dangerous foods
    Every pet owner knows a dog can get into just about anything around the house. But these common snacks could be fatal for Fido.
  • Fugitive Friday: Central Virginia's Most Wanted

    Fugitive Friday: Central Virginia's Most Wanted

    Friday, August 29 2014 10:04 AM EDT2014-08-29 14:04:54 GMT
    Fugitive Fridays tracks down Central Virginia's most wanted. Take a look at the photos and see if you can help police track down these suspects.
    Fugitive Friday helps track down Central Virginia's Most Wanted.
  • Physicians warn against giving melatonin to children

    Physicians warn against giving melatonin to children

    Parents desperate to get their troubled sleepers to bed are turning to synthetic melatonin, which is a supplement sold over the counter. But expert warn it could have adverse effects on child development.
    Many adults turn to sleep aids like melatonin, but now more parents are giving them to their kids, too. We talked to physicians to see what they had to say about how it could affect your child's development.
Powered by WorldNow