RG wrote:

I am going to hold onto the 500 gals of diesel fuel currently stored in my
boat and sell it off, quart by quart when I need cash.



I've been on the boat since yesterday afternoon. This morning, I walked
over to the fuel dock just to see how bad things have gotten. A new
shipment of gas was delivered to the marina yesterday, and the pump prices
were changed accordingly. $4.50 per gallon for regular gas. After my 10%
marina member discount, that takes me down to $4.05. Holy crap. And I'm
sitting on 1/8th of a tank. Between that and all the doomsday talk in the
group, I'm about ready to lay out on the swim platform and open a vein.

But I tell you, it certainly does make me think about putting a for sale
sign on the boat before the rush. If these ugly predictions come true,
there will be no marketplace to sell a boat. It will have no value other
than shelter. At that point, you just call the bank and tell them it's
theirs. Multiply that times thousands and thousands of boat owners (and
RV's and SUV's, etc) and then guess what happens to the solvency of the
banks. And on and on.



That's a bit dramatic. It might create a buyer's market for boats, but
not much more. For the average boater, fuel costs are a relativley
small part of the overall cost of boating.

Do you really belive that boat owners will default on their loans just
because fuel costs have increased? Those that do should have found
another, cheaper, recreational activity.

Dan