I hate to say it, but I think $5 per gallon gasoline is right around the corner. Our current gas prices are near what they were when oil was $60 per barrel.
Boating in the U.S. was reliant on low fuel prices. A small single engine boat might use 15 gallons per hour. At $1 per gallon, that $15 per hour. At $5 per gallon, though, that's $75 per hour. For five hours of operation, the cost of fuel would jump from $75 to $375. That's more than a lot of people can afford.