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Crude Cools Slightly, Gas Prices Soar


Despite the ongoing crisis in Ukraine, benchmark Brent crude oil prices dropped nearly 5 percent in the last week, according to The Wall Street Journal. The cooling of petroleum prices had little effect on U.S. gas prices, however.

The average price for a gallon of regular gasoline today is $4.32, according to AAA, leaving federal legislators discussing temporarily suspending the 18.4 cent per gallon gas tax, according to The Washington Post. In Maryland, The Post reported, Gov. Larry Hogan is calling for a 30-day suspension of the state’s 37 cent per gallon tax on gasoline.

High fuel prices have historically had a multipronged effect on the marine industry. As the base component for resins and plastics, hikes in crude oil prices directly affect resin pricing and the boatbuilders and components manufacturers that use it.

It is unclear if fuel prices are keeping boaters away from the gas dock, though the boating season has yet to ramp up in much of the country.


1_Seakeeper Ride 450_2023 Sportsman Open 232 Center Console

Seakeeper’s New System Targets Pitch

Seakeepeer, whose gyroscopic stabilizers set the marine industry standard for eliminating as much as 95 percent of a boat’s roll, is now turning its attention to eliminating pitch with their Seakeeper Ride system.


Propeller Precision

Yamaha’s new $20 million foundry produces about 100,000 propellers a year


PR Firm Celebrates 60th Anniversary

Martin Flory Group has served the RV and marine industry segments since 1962.

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Mack Boring Turns 100

The New Jersey-based engine and components supplier, started in 1922 by Edward “Mack” McGovern, today is still a family-run business.


IBEX Canceled

Tropical Storm Ian is expected to strengthen into a hurricane and impact Florida’s west coast sometime Wednesday.


Clearing the Deck

Bombardier Recreational Products unveiled the Rotax outboard with Stealth Technology in August


Shoring Up Your Defenses

Marine businesses are just as open to cyberattacks as all kinds of other businesses in nearly every industry