NOT JUST GASOLINE.... EXPERTS EXPECT OIL PRICE HIKE TO SOON IMPACT COST OF PLANE TICKETS TOO

By Chandrayee Roy Choudhury, Canada:

Drivers are very much aware of the higher price to fill up as of late, and experts say air travellers should expect a similar sticker shock soon.



The cost of jet fuel is subject to the same forces that have caused gasoline prices to rise to their highest price in years.



A Bloomberg index of U.S. jet fuel prices shows the price of jet fuel has risen to top $4 US a gallon ($1.35 Cdn per litre) this week — more than twice what it went for as recently as December, and four times the cost prior to the pandemic.

"In terms of airfares, I can't say that I've seen any impact yet I'm sure it's coming," said Christine Latremoille with Uniglobe travel agency in Dorval, QUEBEC.



Latremoille said airfares have been ticking higher for a while, as 2022 was setting up to be one of the biggest years for travel on record after two years of delayed vacations during the pandemic.



Anyone who hasn't booked a flight in a while may be in for a surprise, she said. Canadians are no doubt well aware of high inflation pushing up their cost of living, but record-setting demand for travel has pushed prices up even higher than they might otherwise be.