Gas prices push U.S. bike sales to near-historic peak Glory be: More bicycles than cars have been sold in the U.S. in the past 12 months. That's about 19 million bicycles -- nearing the 20 million sales peak during the early 1970s oil embargo -- and roughly $5 billion to $6 billion in business, according to the trade organization Bikes Belong. Though concern for the environment may factor into the two-wheeler surge, one bike-shop owner pins the new jones for cycling primarily on spiking gas prices. Sales of some auto brands, however, are holding high despite rising fuel costs: Hummers …
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