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0 0 0.00108303249097464 0.00108303249097464 -0.00145126353790622 0.00108303249097464 0.00216606498194941 0.00361010830324902
Stock impact report

Will your cruise fare go up amid high oil costs? [USA TODAY]

Carnival Corporation (CCL) 
Last carnival corporation earnings: 4/3 12:51 pm Check Earnings Report
Company Research Source: USA TODAY
Rising oil prices amid the war with Iran have translated to higher costs for air travelers – and cruises could be next. Major U.S. airlines have increased bag fees as jet fuel prices have spiked, and drivers at the pump are seeing average gas prices over $4 per gallon . While major U.S. cruise lines have not yet introduced fuel surcharges, uncertainty remains – even after the U.S. and Iran agreed to a two-week ceasefire Cruise companies have historically added surcharges during times of elevated oil prices, according to Patrick Scholes, a lodging and leisure analyst with Truist Securities. "History may not always repeat itself, but what do they say? It rhymes," he told USA TODAY. Here's what travelers should know. Are higher oil costs impacting cruise lines? The price of a barrel of Brent crude, the global oil benchmark, dropped by roughly $17 between the end of April 7 and the morning of April 8. However, the price is still around 26% higher than before the war began in la Show less Read more
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