Speculation

March 22, 2012 - 4:02pm
Speculators Driving Oil, and thus Jet-A, Prices Higher

Oil speculators’ uneasiness over the resurgence of the “Arab spring” is the main factor driving jet-A prices ever closer to–and in some cases beyond–$6 per gallon, according to aviation fuel consultant Mark Wagner. Jet-A prices in the continental U.S. are now averaging $5.64 per gallon, ranging from $3.94 in the Great Lakes region to $6.01 in the Eastern region, current data from AirNav shows.

The price of Brent Crude, which is refined to make jet-A and other fuels, continues to rise and stood at $124.20 per barrel late yesterday.

July 5, 2010 - 8:55am

The Air Transport Association of America (ATA) responded to comprehensive financial reform legislation reached by Congress by saying, “We commend the congressional conference committee and specifically Chairmen Lincoln and Peterson for completing their work of the last two years by obtaining agreement to send President Obama a strong bill that will put a stop to Wall Street’s reckless and excessive speculation in oil markets.” ATA is the indus

May 26, 2010 - 9:58am

Despite teetering over the abyss of economic collapse and having to overcome negative public perception surrounding corporate jet ownership, the used aircraft market has battled back, slowly and perhaps surprisingly consistently, chipping away at a glutted market. Month after month since late 2008, buyers have stepped into the market and pared back the numbers to arrive at the lowest inventory level in a year-and-a-half.

June 9, 2008 - 9:24am

Nearly 20 years ago, The New York Times ran a headline that read “Business May Cut Back, but Not on Its Private Jets.” The header on the next page read, “Corporate Jets Gain in Popularity.” I clipped the articles and when I rediscovered them recently, it struck me how history tends to repeat itself, and it seems this same headline applies today.

 
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