In New York City recently, when the government announced the details of its bike share plan, the city collectively whined. An annual membership, which will cost $95, was too expensive.
Americans who are choosing to bike instead of driving are saving huge amounts of money—$4.6 billion, according to the calculations [PDF] of bike-friendly groups.
A ride in a car costs about six times the amount a ride on a bike does…those trips average a little more than two miles, so a bike rider only saves a dollar or so for each individual trip. But over time, those savings add up—like brewing coffee at home instead of buying a venti latte from Starbucks every day.