Replaced the back tube of the bike and examined the damage on the old tube. It seems like the failure point of the old tube is right next to the valve. There is a pretty substantial cut there almost halfway around the circumference of the stem. I wonder what caused that...
Hopefully this new tube will hold up better.
Anyone have recommendations for an inexpensive bike tool set that I can buy that will give me all the bike specific tools I'd need to do a more comprehensive repair? I tried to tighten the headset but realized that I would need a much thinner and larger headset wrench. It would also be nice to have one of those long wrenches to screw in pedals in the future, as well as a tool to take casettes on and off. A tool to service bottom brackets would be really nice too. As well as a wheel truer...Otherwise, I'd also be willing to purchase some things separately as well