Analysts warn that as higher ticket prices push travelers to drive instead of fly, demand for gasoline will rise at a moment when supply is already strained.
Consumers might end up getting refunds, but it’s complicated — it will be up to business owners to decide what to do with refunds, if they do end up coming through.
"It turns out that people who go to the movies are a little bit like people who fly in airplanes,” said Ben Fritz at the Wall Street Journal. “It's this the same basic experience, but some people are willing to pay more for something extra.”
As conflict disrupts oil and gas flows through the Middle East, exports from the Port of Corpus Christi have reached new heights, driving jobs and investment along the Texas coast.
The demand for memory chips has skyrocketed with the rapid growth of AI infrastructure. The shortage poses a major challenge for the consumer electronics industry.
Two months into the disruption of oil flows through the Strait of Hormuz, a gap is opening between what financial markets expect oil to cost and what buyers are actually paying to get a physical barrel delivered today.
