Posted by NBC Bay Area on July 12, 2018 02:00:22 A bicycle wheel on a car is worth $350 to a mechanic, but the wheels are worth less when they come off the vehicle.
That’s according to a new study.
The research found that the price of bicycle wheels has gone up by about $1,000 in the past 20 years.
The study, by researchers from Duke University and Johns Hopkins University, looked at the cost of the wheels and the number of miles driven by a driver who had one or more wheels removed.
They determined that an average driver drove 4,700 miles over a three-year period, or 8,400,000 miles.
The average cost of a bicycle was about $130, the study found.
“The increase in cost has been a function of increasing demand,” said lead author Kevin Fong, a professor of economics at Duke University.
“When people drive more, they need to use less wheels, so you’ve got to think about the efficiency of that process.”
The study was conducted in the United States between 2006 and 2015, and found that between 2005 and 2015 the average cost per wheel decreased from $80 to $90.
The cost per mile was down from $3.60 to $2.40.
The new study found that while the cost per year of driving decreased, the average driver spent more than four years of their lives in the vehicle, with about 3,000,000 hours.
The price of the bike wheel fell from $300 to $225 between 2004 and 2016.
The number of cycles driven increased from 1,800 to 3,400.
The costs per year decreased from about $20 to $12, the authors found.
In addition, the number for wheels on the vehicle decreased from 2,500 to 1,100.
“This study shows that when you’re talking about the cost, you can actually say that the cost has gone down and the cost on the wheels has increased,” Fong said.
The researchers said the increase in the price reflects an increased demand for bicycle wheel replacements.
Fong called the research interesting, but said it did not prove that the prices have gone up.
“We’re not saying that the wheel price is going up, but it’s not as dramatic as the cost increase,” he said.
Fongs research was funded by the National Science Foundation and the Office of Science and Technology Policy.