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High fuel prices test limits of summer vacation spending
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- Higher fuel prices are testing how badly consumers want to travel this summer, whether flying or driving.
- Jet fuel prices doubled in the span of less than three months this year after the U.S. and Israel attacked Iran, kicking off a conflict that has left a key shipping channel effectively closed.
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Higher fuel prices are testing how badly consumers want to travel this summer, whether flying or driving.
Airfare hasn't been this high since May 2022, when airlines stumbled out of the pandemic with aircraft and employee shortages to face hordes of consumers ready for "revenge travel." Gasoline is above $4 a gallon and could go higher, AAA warned this week.
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