On May 16, 8:53 am, Short Wave Sportfishing wrote:
On 16 May 2007 07:28:39 -0700, Chuck Gould

wrote:
You're rooting and hoping for a collapse of the powerboat industry?
Especially large powerboats?

I don't know about large powerboats, but I stopped to visit a friend
of mine at the old Lake Webster Marina this morning and he was just
flat out depressed. Hasn't sold a new boat in 8 months and he's more
more used boats on consignment than I've ever seen there - easily 60
boats - all mid-range from 25K to 60k.

Gotta wonder about that.

It's not fair, (and life is seldom fair), but the guys shopping boats
in the 25-60K range will often be far more affected by high fuel
prices than people spending ten times as much.

I was aboard a very nice new boat on Monday that runs well, but burns
51 gph to make 31 knots. At fuel dock prices, that's in the vicinity
of $500 for a two-hour run at 31 knots. (ouch)
The buyer who can spend $300k to buy that boat will *still* feel the
pain at the pump, but fuel will be somewhat insignificant compared to
other expenses.

A boater who is maybe even making monthly payments on a $25,000 marine
mortgage
just to get out on the water is far more likely to be driven out of
the pastime entirely if his fuel bill for a day even begins to
approach $500. When boating 2-3 days per month starts to cost people
$1000 or more in fuel costs, the middle income earners and below will
begin fleeing the scene. That seems to be reflected in your friend's
experience at his marina.