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Turned off by high gas prices? - Trade Only Today

Turned off by high gas prices?

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We're paying as high as $2.73 a gallon for gas at the pump to drive our cars in Essex, Conn., home of Soundings Publications.

I know it cost more to fill a boat at the marinas, and I'm wondering if the soaring price will deter people from buying boats.

In addition to paying the high cost of fuel, there’s the cost to insure the boat and let’s not forget the cost to dock the boat. 

It all adds up.

Can the middle-class afford a boat?

The upcoming April issue of Soundings Trade Only has a story on how high gas and diesel prices took a toll on fuel sales, profit margins and repair work.

But boaters did not indicate they were ready to quit their pastime to save on fuel costs, according to a recently released survey by a supplier, Illinois-based ValvTect Petroleum.

Only 5 percent of the marinas indicated their powerboat customers talked about getting out of boating. 

According to the Associated Press, the RV industry has been reporting record sales for the past five years, despite the rising cost at the pump. An increasing number of baby boomers want the gas-guzzling vehicles for retirement and younger families want to vacation closer to home.

But what about the boating industry?

How are dealers and manufacturers addressing the cost of fuel as they feverishly try to convince potential buyers to spend their disposable income on boats?

Lois Caliri
Editor
Soundings Trade Only

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