Story Created:
Jun 21, 2008 at 9:38 PM CST
Story Updated:
Jun 21, 2008 at 9:38 PM CST
There are all kinds of reasons for the rising price of gas, but one that nobody deputes is the principle of supply and demand. Now a Sioux Falls entrepreneur is capitalizing on another product that's in high demand, because of the gas prices.
The reason for the excitement is clear. Four bucks will buy you about one gallon of gas. For most cars and trucks that'll get you somewhere between 15 and 35 miles a gallon. But what if one gallon of gas could keep you on the road for 100 miles?
This busy stretch of road in Sioux Falls doesn't look like the sight of a booming business. But look closer. These scooters in Jarrod Edelen's garage might as well be gold on two wheels. "And then I just added 45 more and I think I've sold 13 in the last day and a half."
This all started when Jarrod's brother bought one a couple months ago and he had an idea. Maybe other people would like these as well.
Gary Weisbrich from Harrisburg stopped to check em' out. "With the gas prices the way they are, we have to be looking into some alternative ways of transportation."
So did Heidi Thomas and her husband, Bill. "We were looking at electric or a scooter, anything that gets better gas mileage."
So many people stopped by that the city also paid Jarrod a visit. The amount of people and traffic stopping at this house was getting out of hand. That's why he'll soon be selling by appointment only.
So many people are looking at the scooters, Jarrod's distributor tells him these will be the last ones he can get until the middle of July.
Just to give to an idea how fast this business is moving he sold four, to one family. "I sold out about 10 times the rate I expected, so it's kind of a fever. I've had lots of people stop by and say my friend just bought one from you and I want one.
Not everyone who stops leaves with a new scooter, but as we were visiting Bill Thomas was getting the final instructions about how to ride it, and care and maintenance. Bill says, "I don't know if i'll ride it a lot, but it'll be fun for short trips."
And Jarrod is already talking about expanding the business. He tells KSFY he's worked out agreements to have his scooters sold in Rapid City and Vermillion as well. If you're wondering, the scooters cost between $950 and $1,225, depending on the model.
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