How To Save $1000+ A Year When Gas Prices Rising

March 22, 2022

Beware, high gas prices are stealing money from your pocket. U.S. sanctions on Russia are upending global energy markets, pushing crude above $100 a barrel and pushing U.S. gasoline prices to an average of $4.30 a gallon, up nearly 50% from last year.

save money with electric bike

Why Oil Prices Are Rising Today?

Record gasoline prices are a direct result of higher oil prices. Oil prices bottomed in spring 2020 during the Covid-19 crash, but today, a barrel of oil is near $130 in the U.S., the price hike is a direct result of Russia's invasion of Ukraine - as the world changes, strong consumers Demand has fueled a rise in oil prices starting with Covid-19, with supply weak as major producers curb output.

How Much Does Owning A Car Cost Each Year?

The cost of owning, driving and maintaining a car is about $10,000 per year. It is estimated that the average American will spend an average of $4,000 on gasoline this year. If the price continues this trajectory, it could go as high as $5,000.

Why Riding an Electric Bike Can Save You Money

An electric bike isn’t inexpensive ($500-$2000) and there’s quite an upfront cost, but the long-term maintenance cost is limited, the cost of electricity about $30 a year which is negligible and so an e-bike can save a family a lot of money over the course of one years.

In addition, using an electric bike is not only about fuel costs, you can also save on parking fees, repairs and maintenance costs.

Benefits Of Riding An Electric Bike?

Electric bicycles are environmentally friendly means of transportation, they use electricity to drive, do not emit carbon dioxide, and can reduce our carbon footprint. The annual electricity consumption of electric bicycles is very small, about $30, which is almost negligible.

Riding an electric bike can also help us exercise. Proper exercise can exercise the heart, promote blood circulation, lose weight, release stress, etc.

Related: 10+ Benefits Of Riding An Electric Bike

Conclusion

With oil prices high and the process likely to continue for a long time, millions of Americans are looking for transitional means of mobility, or a complete alternative to car travel. Electric bikes or other electric mobility products are incredibly economical and it has a huge impact on people's lives.

What Can Gyroor Do for you?

Gyroor offers a choice of 2 folding electric bikes for commuting. We offer free shipping and accept credit card installments.

In addition, subscribe to us in the pop-up window before 2022/3/31 to get a 10% discount.

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