Business Insider just published a brief article citing the numbers showing that if one-third of US citizens replaced one mile of car travel per day with riding a bike it would collectively save the nation $17 billion dollars.

From Andy Clarke, President of the League of American Bicyclists: “When all these factors are added together the net social gain is DKK 1.22 per cycled kilometer. For purposes of comparison there is a net social loss of DKK 0.69 per kilometer driven by car.” 1.22 Danish crowns is about 25 cents and a kilometer is 6/10 of a mile, so we are talking about a net economic gain to society of 42 cents for every bicycle mile traveled.”

Read more at Business Insider.