Price of jet fuel jumps 22 percent

For the second straight summer, airlines are staring down the barrel of rising fuel prices. Travelers can expect fewer flights, higher fares, elimination of markets and a drop in less-revenue- producing regional jet service.

“It will get very rough out there,” said aviation analyst Mike Boyd, whose Boyd Group is based in Evergreen.

The dollar is fading, Boyd said, “and people are dumping dollars to get into commodities, which means oil.”

Jet-fuel prices usually are in lockstep with oil, which hit a record high above $147 per barrel last July. Then it dropped in late 2008 to $40 per barrel.
DenverPost