Not that long ago, fuel was $17 a barrel. Certainly within 2 years. Anyone know what is driving this latest spiral of the price? I didn't think OPEC were restricting production (the normal reason for a hike) and punters are now suggesting $200. If you've done all your sums at,say $50, then $200 is going to cost some airlines their very existence.Hedging only works for a reatively short period too. Economies around the world are going to be plunged into chaos (it already costs me over $200 to fill my 4x4 with Diesel in Wales UK).
Others I heard are saying oil will be back below $100 by year end. Let's hope so.......
