Fuel prices Down Under up and down
Some airlines are expected to hold onto their fuel surcharges despite the oil price falls to recoup lost profits from the price of fuel rising from 14 percent to 30 percent of costs in two years. Expect consumer groups to have some words over that.
As we covered recently, hybrid sales may well fall this year if fuel prices continue to fall. The viability of biofuels producers will also be strained by oil prices coming down. Ironically, the organisations least likely to feel the pinch are the oil companies themselves whose financial break-even point is still far below current prices.
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