Gasoline Wars An old joke used to go something like this: "The gas war is over - gas won!". That is the way that it looked in East Tennessee over the past few days. Blame it on being near the end of the gasoline pipeline distribution network or maybe good old profiteering but gasoline prices in our area were the highest of anywhere in the U.S. over the weekend. What does this have to do with Gatlinburg real estate? Well, tourism drives our economy and if fuel is scarce or priced ridiculously high (over $5.00/gallon in some spots for regular grade gasoline on Saturday!) it would eventually have a very serious impact on our local real estate economy. The near panic by locals and tourists alike was remarkable. Couples I know called each other to strategize regarding how many vehicles they could fill before prices went up even further and what if any storage of fuel was possible. I think that I had a little preview of what would happen if prices and/or availability were ever to...
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Gasoline Wars An old joke used to go something like this: "The gas war is over - gas won!". That is the way that it looked in East Tennessee over the past few days. Blame it on being near the end of the gasoline pipeline distribution network or maybe good old profiteering but gasoline prices in our area were the highest of anywhere in the U.S. over the weekend. What does this have to do with Gatlinburg real estate? Well, tourism drives our economy and if fuel is scarce or priced ridiculously high (over $5.00/gallon in some spots for regular grade gasoline on Saturday!) it would eventually have a very serious impact on our local real estate economy. The near panic by locals and tourists alike was remarkable. Couples I know called each other to strategize regarding how many vehicles they could fill before prices went up even further and what if any storage of fuel was possible. I think that I had a little preview of what would happen if prices and/or availability were ever to...