Drop in jet fuel refining costs means "significant" savings to carriers

03/16/2009 | Fort Worth Star-Telegram (Texas)

The price of refining crude oil into jet fuel -- also known as the "crack spread" -- has declined significantly as a result of lower demand for fuel coupled with excess inventory in jet fuel. Analysts say that the dramatic drop in the crack spread -- just $4 per barrel 10 days ago compared to $25.50 last year -- will translate to billions of dollars in savings for the major airlines if low prices are sustained.

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Fort Worth Star-Telegram (Texas)

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