Common sense would tell most of us that it is cheaper to ride a bike to work than to drive a car, but data compiled by League of American Bicyclists and others suggests a vast amount could be saved by riding even one day a week rather than driving.
How much? At least $4.6 billion annually, according to a story today in Forbes Magazine which reports:
“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.”
Read more: Pedaling to Prosperity.