I can’t think of a sector more vulnerable to soaring oil prices than the airlines. Every dollar increase in the price of a barrel of jet fuel adds more than $1.3 million to the daily operating expenses of the U.S. airlines industry. 

A few weeks ago I wrote about how John McCain’s proposed gas-tax holiday was complete BS. And I got some great responses to that article. One of my favorites goes to someone who thinks the U.S. somehow ‘deserves’ lower gas prices.