Have We Lost Control Of Inflation?
ONE MORE DOUBLE....and it is too late.
To fly someone from New York to Los Angeles and back, airlines spend close to $330 these days -- just on fuel. That's a 48 percent increase from last year and the main reason vacationers face record costs to fly this summer.
U.S. airlines burn an average of 22 gallons of fuel for every 1,000 miles each passenger flies. At $3.03 a gallon, airlines are currently spending $330 per passenger just on fuel for a 4,950-mile transcontinental round-trip.
A decade ago, fuel accounted for about 15 percent of airline operating expenses. Five years ago, it was 29 percent. Today, it's 35 percent.
But it is not just airline fuel that is sprialing out of control...it is FOOD and FUEL in general....the two items people need to survive GLOBALLY.
PAPER: Inflation bumps cost of Memorial Day weekend BBQ by 29%!
Families spending $168 more per month on gas than a year ago...
GOLDMAN SACHS: $5 gas coming...
And if more is spent on food and fuel, less is spent everywhere else causing economies to collapse globally.
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