As the price of crude rises, so does
the airline industry's earnings. Petroleum is used in Petrochemicals, which are used in the manufacturing industries.
People in the United States are now unable to spend more than the cost of their home on gas, which has impacted their spending power.
It's possible that a recession has already begun for the entire U.S. economy.
A family earning an annual income of $40, 000 doesn't have an after-tax income that is greater than $2,500
per year. It's not uncommon for gas prices to rise by several hundred dollars per month. a decrease in the cost of jet fuel has been observed
JP Morgan energy analysts recently stated that crude could hit $380 per barrel. This would be driven by