Gas Prices Soaring, Airlines Hiking Fees

0:00Gas prices nationwide have jumped more than $1 per gallon since the war with Iran kicked off at the end of February, and experts predict, they'll stay high all summer. Jet fuel costs have roughly double-two, hitting airlines hard and pushing airfare up 15% from last year. Airlines like Delta, United, American, Southwest, and Jeb Blue are hiking baggage fees to offset those soaring expenses. If the straight-of-war moves stays closed, shipments could drag on for months, making flights pricier and schedule shakeier with fewer cheap options. Travelers are feeling the pinch, with summer plans disrupted by higher costs and potential cuts in service. In Europe, jet fuel stocks are down to under 20 days in some spots. The lowest since 2020, forcing airlines to scramble and possibly cancel. Flight? Here in the US, we're not facing shortages yet, since we're big oil producers, but everything costs more. Short airlines, already in bankruptcy talks, might liquidate if fuel prices don't ease,

1:02leaving passengers last in line for refunds. Book smart. Use credit cards for tickets and grab travel insurance to cover your back disruptions could linger if the war drags into peak season. I'm Corey with the story, and you've been listening to Tampa Bay News today, AI-powered local news.