AVIATION FUEL
August 1st, 2005
BY DEIRDRE MASONIT may never equal the four-fold rise in the price of a barrel of crude oil that took place between 1973 and 1974, but this year's hike to more than US$60 a barrel has given all those industries dependent on the stability of fuel prices a severe shock, and the aviation industry is one of those reeling from the increases.US refiners, says the American journal Oil and Energy Trends, are under huge pressure to produce more diesel and heating oil so as to lower the present price. The main effect of trying to squeeze more gasoline, diesel and heating ...
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