Wednesday, January 14, 2009

Boating Should be More Affordable This Year

With the current economic conditions, many of us may not be rushing out to buy a new boat this year, but at least it may be a bit more affordable to get out on the water this summer. With fuel prices exceeding $4.00 per gallon in 2008, a lot of folks decided it would be better to stay on the beach, than to splurge on a fill-up at the gas dock.

According to the Energy Information Administration, Official Energy Statistics from the US Government web site, "Average monthly U.S. prices for regular gasoline and diesel fuel were $1.69 and $2.45 per gallon, respectively, in December 2008, more than $2.25 per gallon below their monthly peaks last July. Economic contraction in 2009 and lower projected crude oil prices are expected to reduce annual average retail gasoline and diesel fuel prices in 2009 to $1.87 and $2.27 per gallon, respectively."

At $1.87 per gallon, hitting the water should be a much more affordable option this summer. We see that as a glimmer of sunshine on a cold January day.

See you on the lake.

skeeter bass Boat 20i running on lake

Photo courtesy of Skeeter Boats

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