One way to ease the pain at the pump is to ride a bicycle instead of driving.
If you want to know about the new electric bikes, just ask Memphis investor Charley McVean.
"I go out every morning on the weekend and ride this thing 3 or 4 hours and I love every minute of it." McVean said.
McVean liked "his" bike so much he put up the money to start a new bike company called Aerobic Cruisers.
Now McVean's designers are working on a line of prototype bikes to sell across the country.
Electric power on these bikes comes from a set of rechargeable batteries. Combine that with pedal power and you get transportation and a workout at the same time.
"But this is going to help you become a healthier person in that you're getting your aerobic exercise and your cardiovascular workout. Your getting stretching, flexibility, muscles, and breathing," project director Josh Kerson said.
Test drives show you can get up to speeds of about 20 miles per hour. And when it comes to savings, the bikes will take you 30 to 40 miles on just 10 cents worth of electricity.
The prototype bikes are being designed right now.
They should go on sale the first of next year with prices starting around $3,500 dollars.
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