Don’t look now, but jet fuel is currently flirting with an all-time record high in trading today.

Yes, this is having a very negative effect on airline shares.

Last time I looked, New York harbor jet fuel had risen to $2.491 a gallon. If it stays at this level, or goes higher, we’ll set a new record. The previous high for New York harbor jet was $2.487, which was set on Sept. 29, 2005.

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