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$2.96 a gallon
RCE wrote:
"RG" wrote in message m... 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. In today's world, I absolutely agree. The more recent discussions in this thread have been focused on much more extreme scenarios that could possibly play out in the future. Do you really belive that boat owners will default on their loans just because fuel costs have increased? Yes, if we are talking per gallon fuel costs deep into double digits, possibly triple digits, and even possibly unavailable at any price. That is the framework in which my comment was made, and which the discussion over the last 24 hours has been focused in this thread. You may think such a scenario unthinkable, but many believe it is not. Everyone's situation is different, of course, depending on what kind of boat they have and how and what they use it for. But here's an eye opener for me. In the fall of 2002, I took my boat from MA to Florida, something that many people here on the east coast do yearly. That trip's fuel cost was about 4,300 bucks, if I recall correctly (log book not handy). In many places south of Virginia diesel was selling for about a dollar/gal at that time. Right now the same trip would be closer to 14K in fuel costs. I like boating, but I don't like it that much. So, for now anyway, the boat stays put. Fortunately I am loan free on it, so it doesn't hurt so much, but I also think that it's already too late to sell if so inclined and expect to get fair market value. Makes a great summer cottage on the Cape, though. RCE I'd fly south and charter a boat or borrow a friend's. |
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