If gas prices are getting you down, just hop on your bike or grab a guitar like the May 16 “Good Morning America.”
ABC News financial correspondent Bianna Golodryga, described as the “new TV money honey” [1]by U.S. News and World Report’s Paul Bedard, reported yet another angle on high gas prices.
“Cities across the country, like Portland, Louisville and Washington, D.C., are trading in gas-guzzlers for bike paths,” Golodrya reported. “All three cities are reporting spikes in bike use. We tracked one Washington state resident who says by riding his bike to work just once a week, he’s saving an average of $7 a day.”
In a one-time commute [2]reminiscent of NBC’s “‘Today’ Goes Green” series, Diane Sawyer and David Muir were taped biking to work.
Golodryga even showcased one individual who railed against gas prices – by singing protest songs from the roof of a gas station.
“And one Indiana resident gained attention last week from supporters as well as the police, who arrested him after he put on an unauthorized concert on the roof of a gas station, all in protest of high fuel prices,” Golodryga said.
“♪♫ ♪ Price gouging, so we’re shouting, who’s jacking up the cost of fuel ♪♫ ♪,” sang Jay Weinberg in the video, who claims to be fighting the cost of gas with his songs [3]and Web site.
Golodryga predicted even higher gas prices as the summer months set in and advocated more bicycle transportation.
“And with forecasts call for higher gas prices by mid-summer, bike paths may be the only roads facing traffic,” Golodryga added. “And anyone who thinks that this is just a fad, that we’re going to see gas prices go down anytime soon, well better think again, because oil is now at $125 a barrel. That takes about six weeks to hit gas stations, so expect gas prices to go up.”
Although gas prices are continuing to rise, it isn’t necessarily time to go out and trade your automobile for a Schwinn. CNBC analyst John Kilduff [4]predicted oil will peak at $138 a barrel before it will go back down.