The Bureau of Transportation Statistics has some fresh numbers this morning that suggest airlines are no longer spending a fortune on fuel. Last August, domestic carriers spent an average of $2.02 per gallon on fuel — up from $1.90 a gallon the previous month, but down dramatically from the $3.54 in August 2008.
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FUEL
… gas prices. By a long shot. At least according to our friends at Access America, who poll travelers every quarter about their travel angst.
While the rest of the world whined about the seemingly unstoppable rise in energy costs this summer, and the greedy oil companies that were probably to blame for them, we missed the other side of the story.
Energy prices may be falling, but airline fuel surcharges are holding steady — if not rising.
I got a little curious after hearing about the airline industry’s self-serving push to regulate oil speculation. It made me wonder how much how much the airlines were paying for a gallon of fuel. Here’s the somewhat surprising answer.
Bob Crandall is right. The latest airline crisis, which has unleashed an avalanche of new fees and surcharges on passengers, has nothing to do with high fuel prices. It’s about bad management.
Here’s a warning for anyone who pays for their gas with a credit card: Read the terms of your sale very closely. More gas stations are tacking on a surcharge for anyone who pays with plastic.
With fuel prices near $4 a gallon, car rental companies are turning to a little-known practice called gas reclamation to squeeze every last penny from their vehicles. In the process, they may be squeezing their customers too, according to a car rental insider who has performed degassing services for a major agency.
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