Pedaling to Prosperity: Biking Saves U.S. Riders Billions A Year

By Tanya Mohn, Forbs

New data highlight that bicyclists in the United States save at least $4.6 billion a year by riding instead of driving.

The analyses were released on Friday to coincide with National Bike to Work Day, part of National Bike Month, which occurs each May.

The average annual operating cost of a bicycle is $308, compared to $8,220 for the average car, and if American drivers replaced just one four-mile car trip with a bike each week for the entire year, it would save more than two billion gallons of gas, for a total savings of $7.3 billion a year, based on $4 a gallon for gas.

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LaHood noted that walking and bicycling are options people want, citing a national poll released by Princeton Survey Research Associates International in March that indicated that “more than 80 percent of Americans support maintaining or increasing federal funding for biking and walking.” “The benefits of bicycling are real, and there’s no arguing with the impressive ridership data,” LaHood said. “Bicycling is an important part of the 21st century transportation mix.”

Click here for the full fact sheet: “Pedaling to Prosperity,”  here for more about National Bike Month, and here to read: New Report Finds That More Biking and Walking Do Not Increase Crash Rate.

https://www.forbes.com/sites/tanyamohn/2012/05/20/bicyclists-in-the-united-states-save-at-least-4-6-billion-a-year-by-riding-instead-of-driving-ased-on-friday-to-coincide-with-national-bike-to-work-day-part-of-national-bike-month-which-occurs-each/oldId.20120606135454630