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More People Are Selling Their Boats Because of Gas Prices

(Image courtesy Cazenovia Lake Association)
(Image courtesy Cazenovia Lake Association)
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Updated: 4/19/2008 11:49 pm
Brewerton, New York (WSYR-TV) – The pain at the pump is getting worse. Gas prices have climbed by ten cents since last week. If you think you’re paying a lot to fill up your vehicle, try filling up a boat. More people are starting to sell their boats, because they can’t keep up with the additional costs.

“Roughly 12-percent are selling to get away from boating – it’s sticker shock of five dollars a gallon - four-fifty a gallon,” said Michael Sacco Junior, owner of Trade-A-Yacht in Brewerton.

On average, you can expect to pay 30 cents more to gas up your boat at a fill-up station along most docks. Last year alone, Trade-A-Yacht sold 100,000 gallons less fuel than it did the year before.

Business is down by 35 percent. Sacco says if it wasn't for the repair work he does, he'd probably have to get rid of his marina and build some condos instead.

Other folks who’ve considered selling their boats, but decided against it are using them less frequently.

“They'll stay tied to the dock - use the pavilion, swimming pool, or swim off the boat as opposed to running the boat,” Sacco said.

As gas prices continue to climb, Sacco says he’ll likely see more people walking through his doors – looking to sell their boats.

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