VIDEO: Gas Prices on the Rise. Time for an Electric Bike!
Wow! Gas prices are on the rise…..and quickly; they went up 10 cents during the time this video was created!
Check out this video from ABC News about rising gas prices, how people are reacting, and where your money goes when you buy gasoline. Also note that some of these people feel that they are powerless when it comes to these rising prices. Maybe they need to consider an electric bike 🙂
Here is something else to consider: the 10 cent rise in gas prices during the video is about the cost of charging an electric bike……..
Check out the video below! You may have to watch an advertisement but it will be worth your time because this video is a good wake up call to the fact that gas prices are volatile.
So what do you think? Is it time for more people to be investing in an electric bike that will make them less vulnerable to these big fluctuations in gas prices?
Please leave your comments below.
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The cost of gasoline is a relatively small part of the cost of car ownership. So even if gasoline goes up to $6/gallon in the near future ( as I think it will as the world economy gets moving and demand skyrockets), it’s not the main driver on the advantage of an ebike.
For instance, a lot of people could easily replace 3000 miles of driving each year with their ebike. Assume their car averages 25 mpg. That’s $720 a year saved at $6/gallon. A nice chunk of change but it would still take 2 years to pay for a nice ebike. But if they can use the ebike to eliminate one of the family cars, they might save $2000 a year in insurance, depreciation, matinence. etc.
The IRS gives the cost of driving ( for business travel) as $0.51 per mile. Gasoline makes up only a fraction of that.
Ken Sanders says
Let gas prices go threw the roof Getting on a e bike and riding is healthy alternative to the vehicle As you get used to it the more you will enjoy it . i have logged close to 3000 miles per year on mine fr the last 6 years Think of it 10 miles each day at 365 days 3650 miles And 10 miles a day is not that far on a e bike
Get a bicycle everyone.
By the time most people consider an alternative-ebike it will take more then $10 a gallon. When will people consider a bike? Then there are shortages and they have no other choice. When that time comes the law of supply and demand will kick in and your rusty old schwinn will double-triple or more in price on Craigs list. Electric motors will be sold out.