The Oregon Biz Report - Business News from Oregon

Read about accutane journal moderate acne here

Fact Check: Gas prices increase bike sales?

May 18, 2011

By Patrick Emerson
Oregon Economics Blog

Eco-nomics: Bike Sales Up with Gas Prices.  From the USA Today I learn that, unsurprisingly perhaps, bike and scooter sales have surged with gas prices:

Sales of new bikes rose 9% in the first quarter of this year, compared with the same period in 2010, and sales of road bikes — commonly used in commuting — jumped 29%, says Scott Jaeger, senior retail analyst with Leisure Trends Group, a Boulder, Colo.-based retail tracking firm.

Sales of gas-powered scooters are up even more: nearly 50% in the first quarter compared with a year ago, says the Motorcycle Industry Council, a trade group.

“We see spikes when fuel prices rise,” says Ty van Hooydonk, the group’s spokesman, noting many scooters average 60 to 80 miles per gallon.

But is is really due entirely to gas prices? I suspect that there has been a lot of investment in bike infrastructure in many cities, not just Portland and that this has a big impact as well on the bike sales portion. This is mentioned in the article as well:

“It’s too early to say definitively that bike sales are up because of gas prices,” says Tim Blumenthal, president of Peopleforbikes.org. He expects gas prices to escalate more and take bike sales along with them.

Also driving bike use is the boom in bike trails and bike-sharing programs, Blumenthal says, adding the federal government has made an “unprecedented” $2 billion investment in trails in the last two years.

Last year, Boston installed 20 miles of bike lanes and New York City added more than 50 miles, says the League of American Bicyclists, which designates 179 communities in 44 states as bike-friendly, up from 25 in 2003. It cites new bike-sharing programs in Denver, Washington, D.C., and Minneapolis.

But the idea that people respond to higher prices by changing their consumption patterns is an old one in economics (and one of the criticisms about the way we calculate inflation), and thus I say unsurprising when I see the statistics given the rise in gasoline prices. [HT: Joseph Rose]

  
Print This Post Print This Post    Email This Post Email This Post

Discuss this article

Bad Man May 18, 2011

The “author” of this grab bag of pointless statistics is an admitted “bike nut” and shill for all things related to bikes.

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Articles

Press Releases



Top Business News

 

Top Women's News

 

Top Natural Resource News

 

Top Faith News

 

Copyright © 2016, OregonReport. All Rights Reserved. | Terms of Use - Copyright - Legal Policy | Contact Oregon Report

Stay Tuned...

Stay up to date with the latest political news and commentary from Oregon Business Report through daily email updates:

Delivered by FeedBurner

Prefer another subscription option? Subscribe to our RSS Feed, become a fan on Facebook, or follow us on Twitter.

RSS Twitter Facebook

No Thanks (close this box)