From Yahoo Finance:
Oil prices: Expect 'spectacularly' higher airfares, says analyst
Jet fuel prices, already strikingly higher than last year, are exceptionally high in the Northeast. The upward price movement could threaten a further spike in airfares.
Jet fuel on the New York spot market was trading at a record high of $6.76 per gallon on Monday morning, more than triple compared to last year.
"I’ve never seen that kind of a [jet fuel] price," Tom Kloza, founder of Oil Price Information Service, told Yahoo Finance. "This is spectacularly high."
Prices for rest of the U.S. are currently sitting under $4 per gallon, noted Kloza....
....MUCH MORE
Earlier today:In A Move That Stunned Wall Street The Biden Administration Will Probably Be Refilling The Strategic Petroleum Reserve At A $50 Per Barrel LOSS
"Everyone is worried about gas prices, but diesel is driving inflation more than you think"
