In an announcement by Citibike, the bike sharing service company said it would be hiking prices due to inflation costs. The price increase would be seen in both the annual membership and Day Pass fee, along with the non-member single-ride fees.
“As we continue expanding the largest bike share program in North America, we’ll be raising our prices this January to account for inflation,” said the statement.
Under the new price changes, non-member single-ride fees will increase from $3.99 to $4.49 starting Jan.5. But for those who are enrolled in day passes and annual memberships, a price increase will be seen from $15 to $19, and annual memberships going up from $185 to $205 staring on Jan.29.
Extra time spent on the Citbikes will also see price increases, with 26 cents per minute for single-ride users after 30 minutes and 17 cents per minute under the annual pass membership. According Citibike’s site, E-bike fees will go from 23 to 26 cents per minute for non-members, and from 15 to 17 cents a minute for members.
Jersey City and Hoboken have over 80 docking stations and 800 bikes under the Cit Bike bike share program. Using Citi Bike System Data, a report released by the NYC Data Science Academy last year, indicated bikes in New Jersey were used on average 2.2 times and each station was used about 22 times each day.
Chris Adair, who uses the bike service to commute to work five times a week and is the president of Bike Hoboken , […]