Managing the High Fuel Prices As A Boat Owner

31 May 2023

A row of outboard motor engine powering a boat to travel at sea.

You might be excited to get back on the water, but the rising cost of fuel might have you worried about how it's going to affect your budget. If so, you’re not alone. There's not much you can do to bring the cost of fuel down, but there are some strategies you can utilise so that rising fuel prices don't impact you quite as much as they otherwise would. So, what steps can you take to manage these rising fuel prices as a boat owner? Read the rest of the article to know how.

Reassess Your Budget

One of the first things you'll need to do is reassess your budget. How much money do you have set aside for fuel costs? How much fuel does your boat actually consume? How much do you think the rising fuel costs are going to impact your budget in the next week? In the next month? Depending on how often you use your boat and how fuel efficient it is, you might be able to perfectly accommodate these prices with no change in your behaviour. However, you may have to make some other sacrifices to make sure your post budget remains intact for everything you need.

Understand Your Fuel Efficiency

Closely examine your boat's fuel efficiency. How much travel are you able to get out of each litre or gallon of fuel? Are there things you can do to improve this fuel efficiency? Are you satisfied with this level of fuel efficiency?

Keep Your Engine In Good Condition

Some of your fuel efficiency depends on the efficiency and functionality of your Yamaha outboard motor engine. If your engine is in poor condition, or if you haven't properly maintained it, you're going to end up consuming more fuel than necessary. Make sure to tend to your boat regularly to ensure smooth, efficient working order.

Don’t Travel To Long Distances

One easy way to keep enjoying your boat while reducing your fuel consumption is to travel a shorter distance every time you venture out. If you visit closer destinations and stay closer to your dock, you'll end up travelling less and therefore end up consuming less fuel.

Contrary to the usual assumption that owning a boat but not taking it to places is dull and useless, you can still have fun on a boat when it's effectively docked in place. Depending on the size and amenities of your boat, you can still use it as a place to gather and enjoy the company of your friends and family. You can still use it as a place to fish. And you definitely get to enjoy the smell of the water in the great outdoors. If you don't like the idea of spending time on your boat while it's docked, your other option here is to simply reduce the number of expeditions you take.

Peruse Places Who Offer Cheaper Fuel Prices

Fuel prices are going to be high no matter where you look. That's because the reasons for high fuel prices are affecting all locations. Or you can still often find a lower price if you're willing to look around. Remain patient and hunt for different refuelling stations; you might be able to find fuel for a significantly lower price.

Consider Making An Upgrade

If you're dissatisfied with the performance of your boat, you might consider upgrading to a boat with higher fuel efficiency. Smaller boats, newer boats, and less powerful boats all tend to burn fuel at a much more efficient rate. Over time, this could save you a ton of money. Visit your local boat dealer to look at the selection of boats.

Why Not Rent Your Boat?

Prices for rentals and charters have, as you might suspect, increased to compensate for the rising costs of fuel. However, you may still occasionally find it preferable to rent your boat, rather than piloting your own. Keep an eye on rental prices accordingly.

Can No Longer Afford Your Boat? It’s Time To Sell It

Of course, if the high fuel costs are seriously eating into your budget, you might consider even more drastic action. You might consider selling your boat entirely, especially if you're not going to be driving it for a while. 

 

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