Has the price of gas reached $65 a barrel?

[Gingee]

I see where you are added $10 per person per night if the gas has reached $65 a barrel. Has that happened? Our gas here is $4.29.

[greatam]

I see where you are added $10 per person per night if the gas has reached $65 a barrel. Has that happened? Our gas here is $4.29.

 

You are kidding, right??? Oil has been over $65 per barrel for most of the year. Oil closed today on the futures market at $113.25. Almost DOUBLE. Whether the cruise lines add in the fuel surcharge is up to each individual cruise line.

[Gonzo70]

It is not the price of a barrel of gas, but the price of a barrel of WTI oil. As the other poster mentioned, that is currently $113 and change and has been over $65 for well over a year. While some of the European cruise lines (i.e. Cunard for example) have instituted fuel surcharges, so fare none of the RCCL brand lines have. The $65 figure is the level where they "reserve the right" to implement a fuel surcharge, not the level where one is automatically triggered. Likewise the $10 per/person, per/day figure is the maximum amount they may charge; it would not automatically be $10 if they reinstated a fuel surcharge. Most people believe they are using the strategy of building in the increased fuel costs into the pricing; however the higher oil goes, the more likely they are to reinstate a fuel surcharge. Hopefully oil stabilizes or starts trending downwards (many believe it is overblown at the current level) and no fuel surcharge materializes.

[Wylie Coyote]

While Celebrity reserves the right to add the surcharge, they, nor any other cruise line, have opted to enforce it....in the USA.

 

I believe cruise lines have been able to incorporate the increased cost for fuel into their cruise prices....as it should be. The surcharge was not a very popular move for the cruise line 2 years ago and I think it cost them business.

 

I would be quite surprised for the fuel surcharge to come back. So many people would be very upset indeed.

 

I think the reality of the times is that oil will always be above $65 and much more near $100 from now on. Unless alternative fuel sources become much more widely used....then supply and demand would lower the price of oil.

[hcat]

Adding a surcharge now would further hurt bookings......

today we got a Celebrity ad for Medit cruise specials with reduced airfare..

[Gingee]

Thanks for the info. I just didn't want to see a "surprise" on our bill.

[hylasgirl]

I see where you are added $10 per person per night if the gas has reached $65 a barrel. Has that happened? Our gas here is $4.29.

 

 

Seriously?

[cafediem]

Our gas here is $4.29.

 

I thought fuel was supposed to have got very expensive in the US - this is still a bargain ;)! My local petrol station price is current £1.385 per litre

at 3.785 litres per US gallon that's £5.24 per gallon

current exchange rate about $1.62 per £

so that's $8.49 per gallon...

 

I don't know about how prices are made up in the US - but here the price of fuel is determined more by government taxes than the price of crude.

 

I suspect the lack of surcharges is a result of two things - first, they do a lot of hedging with futures and options, so some fuel price risk is managed that way, and secondly, they don't want too many people cancelling, in the current economic climate.

[Gingee]

Yes that is the price of gas now. Very high for the U.S. (at least in this area)

[Oville]

I thought fuel was supposed to have got very expensive in the US - this is still a bargain ;)! My local petrol station price is current £1.385 per litre

at 3.785 litres per US gallon that's £5.24 per gallon

current exchange rate about $1.62 per £

so that's $8.49 per gallon....

 

Although the price of gasoline/petrol is on the rise in the States, it is and has been significantly cheaper than the UK or Europe. The price of gas here has a long way to go to equal what you pay at the pump.