Thu, Jul 14, 2011
DOT Figures Show Fuel Costs Up 31% In May
Data from the Bureau of Transportation Statistics show that the
average price per gallon of fuel used by airlines jumped 31% in May
over the same month the previous year.
Dow Jones Newswires reports that airlines paid $3.03 per gallon
for jet fuel in May, up from $2.32 in May of 2010 and $2.99 the
Consumption was up as well. The 1.4 billion gallons burned by
U.S. airlines in May was up 2% from April.
The prices haven't been that high since 2008, and the wire
service says it is prompting some carriers to reduce
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