Gas prices soon to fall?
The market always sorts out supply and demand issues.
WASHINGTON (AFP) - More bicycles than cars have been sold in the United States over the past 12 months, with rising gas prices prompting commuters to opt for two wheels instead of four.
Not since the oil crisis of 1973 have bicycles sold in such big numbers, according to Tim Blumenthal, executive director of Bikes Belong, an industry association.
When everyone from the corner gas station to the storage tanks at the wellhead in Saudi Arabia have excess inventory on hand the price will plumment. Always does.