ryan:

As I previously posted, I don't believe gas is going to $1.50/gal. But we could see below $60 a barrel again--probably temporary.

Corrected for inflation, fuel prices are at the same level as was seen in certain months of the 1980s w/ Carter...I don't have the stats but I read it in the trusty NYT (ha)...not the same class of product but fuel prices are better than bottled water prices.

Question? is SWA hedging the next 20 years of fuel at todays prices??? I don't know the answer; but I assume if you ran an airline ryan, you would be spending your cash locking in todays rate????