Gas prices and the local economy?

Lakesrider · 06-07-2008, 08:08 AM

With oil closing at $138 a barrel, fuel prices will most likely go up around $.20 on Monday. What do you people think will happen to the local economy?
I have already seen a reduction in room bookings at several resorts on the East side of the lake. Even some of the timeshare places are not getting their maint. fees sent in. The marinas are still not full. I have seen tons of boats sitting at marinas with the shrink wrap still on them. And with the bail out of the mortgage mess, what will happen to the restaraunts and other service companies? Will they get a hand as well if things go south for them??? I mean most people start to cut back on eating out as one of the first things they do.
What affect is the price of gas going to do to Bike week? Obviously if there are still plenty of rooms that week, something is not right.

I think things are going to hurt around the lake this summer. I hope not, but
unless oil production picks up to quench the supply and demand desert.....

I suggest everyone start writting thier congressmen/women and let them know how displeased we are....

06-07-2008, 08:08 AM	#1
Lakesrider Senior Member Join Date: Jun 2007 Posts: 2,129 Thanks: 380 Thanked 1,016 Times in 345 Posts	Gas prices and the local economy? With oil closing at $138 a barrel, fuel prices will most likely go up around $.20 on Monday. What do you people think will happen to the local economy? I have already seen a reduction in room bookings at several resorts on the East side of the lake. Even some of the timeshare places are not getting their maint. fees sent in. The marinas are still not full. I have seen tons of boats sitting at marinas with the shrink wrap still on them. And with the bail out of the mortgage mess, what will happen to the restaraunts and other service companies? Will they get a hand as well if things go south for them??? I mean most people start to cut back on eating out as one of the first things they do. What affect is the price of gas going to do to Bike week? Obviously if there are still plenty of rooms that week, something is not right. I think things are going to hurt around the lake this summer. I hope not, but unless oil production picks up to quench the supply and demand desert..... I suggest everyone start writting thier congressmen/women and let them know how displeased we are....