As for the fuel price.... anyone notice the 3p one hit increase at the pumps week before last? Most of my flying is done around the south coast where there have been several large tankers parked up off the Isle of Wight for weeks waiting for the oil price to rise before coming in to Fawley Refinery. The increase in oil has already started again and I fear it will be the final nail in the coffin for one or two carriers this winter if it continues.
Yes indeed the oil price has been creeping back up.. The situation in Iran is cause for concern over the oil prices. Further, OPEC are looking to cut production to push prices back up.