Higher Fuel Costs Threaten to Send Airfares Skyrocketing in 2011 Mike Richard January 5 Transportation, What We're Reading 2 Comments Via Jaunted comes this piece of not good news: Now the economy is slowly recovering, and so oil prices are threatening to shoot back up. Oil import costs have skyrocketed roughly 300% over the last few months, and of course those costs get passed on to the companies that use fuel, at which point they get passed on to the rest of us. In the airline industry that means not just higher ticket prices, but also higher luggage fees and “just to make up for lost revenue” higher penalties. Oy. 2 Responses Tweets that mention Higher Fuel Costs Threaten to Send Airfares Skyrocketing in 2011 || Jaunted -- Topsy.com January 5 […] This post was mentioned on Twitter by Vagabondish.com. Vagabondish.com said: Higher Fuel Costs Threaten to Send Airfares Skyrocketing in 2011 [News]: Oy … http://bit.ly/hfvInP […] Reply Dale Henson January 5 Um, no. Unless by last few months you mean since mid-2004. Todays oil price is $90.41 per barrel for West Texas Intermediate, and around $95 for North Sea crude. Oil is about three times that of early 2004 prices, and about 50% higher than in 2007. It’s only 2/3 the price of August 2008 prices. I agree there is currently an upward trend, though. But the sky is not falling yet. Regards, Reply Leave a Reply Cancel Reply Your email address will not be published.CommentName* Email* Website Let\'s Make Sure You\'re Human ... *Time limit is exhausted. Please reload CAPTCHA. + = 3 Notify me of followup comments via e-mail. You can also subscribe without commenting. This site uses Akismet to reduce spam. Learn how your comment data is processed.