Many airlines have been chasing customers with fare sales, but rising fuel costs are likely to soon change that A recovery in air travel demand has triggered a quick rebound in jet fuel prices U.S. airlines expect a strong rebound in passenger numbers as the U.S. finally lifted pandemic travel restrictions last week President Joe Biden has just signed the $1.2 trillion bipartisan infrastructure bill into law at the White House, with attention now shifting to the multi-trillion dollar economic bill that will expand the nation’s social safety net. The Biden administration has lately sought to soothe fears that runaway inflation could hurt the U.S. recovery and undermine his multi-trillion spending plans after inflation hit a 31-year high in October with consumer prices increasing at a torrid 6.2% Y/Y clip. Amongst the commodities seeing the biggest price increases are oil and gas, with U.S. average gasoline prices up 60% […]