Don’t let the cost of gas keep you from traveling
Welcome Home!BY THETEAM@ELICH.COMEconomist Joe Winter of the Colorado Department of Labor and Employment was quoted last week as saying, “If gas prices stay this high, I anticipate it having an effect on the tourist season next summer and possibly the ski season this winter.” TheTeam@Elich.com disagrees that increased gas prices have to contribute to lowered skier days. We have come up with at least one way to offset the increased cost.According to the Energy Information Association, http://www.eia.doe.gov (www.fueleconomy.com) the average price per gallon of gasoline (all grades) in Colorado on September 13, 2004 was $1.884, and on Sept. 14, 2005 the average price was $3.049. Basic arithmetic gives us the increase in one year as $1.165 per gallon. If your car’s gas tank holds 20 gallons, a full tank would have cost $37.68 one year ago; today, that tank of gas will cost $60.98 – a $23.30 increase.Let’s just say that the average 20-gallon car gets 20 mpg. Let’s also say that the trip from Denver to Summit County is about 100 miles, even though we know it’s really less. In round numbers, a typical Front Ranger buys a tank of gas for every two round trips to Summit County. The ski season is about 26 weeks long. If you make the trip every weekend, that’s about 13 tanks of gas. Last year, that gas would’ve cost you about $488; this year, it will cost closer to $795. You will spend about $300 more on gas this year to enjoy this state’s No. 1 recreational activity and source for statewide tourism dollars. Using the common multipliers of lattes and hamburgers, it is apparent that the way to compensate for the increase in fuel costs is to decrease consumption of non-essential ski trip indulgences. For instance, instead of a four-pack of Venti lattes from your favorite coffee company, brew coffee at home before you leave. Cha-ching! There’s your $23 – plus some. Additionally, pack a lunch and avoid $9 hamburgers, $3 sodas and a $40 tab at the ski area! If you do both of those things, you’ll actually be saving even more than the cost of the gasoline, and your ski trips will cost you even less than last year!WELCOME HOME! is compiled each week by the TheTeam@ELICH.COM. Butch Elich has been helping customers with their real estate needs in Summit County for over 20 years, and is the current president of the Colorado Association of Realtors Housing Opportunity Foundation (CARHOF). His team includes office assistant Claire Albers and associate broker Paula Parker. Find the ELICH.COM Team at RE/MAX Properties of the Summit in Frisco. They can be reached at (800) 806-9518 or at email@example.com.
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