Gasoline surge leads to pedal power

[PrincessPerky]

NEW YORK (Reuters) - A spike in gasoline prices is fueling what could be the biggest year for U.S. bicycle sales since the Arab oil embargoes more than three decades ago, a leading bike association says.

"For bicycles, high gasoline prices are a good thing," said Tim Blumenthal, executive director of Bikes Belong, a national coalition of bicycle suppliers and retailers.

U.S. gasoline prices struck an all-time record above $3 a gallon after Hurricane Katrina hit the Gulf Coast, shutting several oil refineries, though prices have eased slightly since then, according to government surveys. ....full story here