Good day for airline stocks today. The price of oil dropped back $3.45 to $91.17 and only three airline or airline-related stocks we track here at PlaneBusiness were down on the day.
On the not-so-good news front, however, as a person who, just like you, puts gasoline in his or her car on a regular basis, the price of gasoline is now beginning to reflect the increase in oil prices we’ve seen over the last month.
A fact I was ruminating over today when I went to the Post Office and saw a soccer Mom tooling around in a new burnt orange Hummer. Keeping that thing fed these days must cost the equivalent of some people’s rent payment.
Technorati Tags: oil prices