Oil is dropping like a rock this morning, and at 8.30 EDT was $US 36.20.
The robbery called fuel surcharges on Australian tickets continues even as foreign carriers start lining up to fly levy free. The ACCC continues to think that the surcharge label of being for fuel is not deceptive conduct.
The airlines here continue to ’study’ or ‘evaluate’ the situation.
The police car continues to drive past the scene of daylight robbery as if nothing was happening.
Australia, my country, is sleeping.
One Comment
Ooops.
Sure airlines should pass on whatever savings they can make to consumers, but this particular saving is a bit distressing.
Oil at US$140 per barrel was evidently more expensive than it needed to be, but $40 is likewise too low. There’s a chance this particular recession might not be as green as I was hoping. I’d like to think that there’s only one direction the price can go from here, but I might yet be mistaken (it was only $10 a barrel back in 1998 after all). Over to OPEC …