Hawaii braces for higher travel costs
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Hawaii's airline-dependent travel industry is facing a new threat due to surging global fuel prices, which may lead to higher airfares and reduced service. The state's tourism recovery is fragile, and over 90% of visitors arrive by air, making fuel costs a significant issue.
Hawaii's travel industry is at risk due to rising fuel prices. The conflict involving Iran and the disruption in the Strait of Hormuz have driven oil prices up. Most visitors to Hawaii arrive by air, and the state imports nearly all its goods. The Trump administration has issued a temporary waiver of the Jones Act to allow foreign-flagged vessels to carry fuel and other goods between US ports. However, this waiver is not expected to have a significant impact on airlines. Fuel prices have been volatile, with the price of a gallon rising to $3.93 from $2.50. Airlines worldwide are raising fares or adding fuel surcharges, and analysts expect continued volatility.
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