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Old June 9th, 2009, 06:08 PM
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Default Oil hits $70 per barrel

So oil has now reached the dreaded $70. I wonder how long before the cruise lines add the fuel surchrge. I notice that they all now have a clause in their brochures allowing them to add the surcharge even if you've paid in full. I knew it was too good to last!
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Old June 9th, 2009, 07:07 PM
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Oh how I have dreaded this day. I also wonder how long before the charge will be added on to our group cruise. Sure hate to have to go back to these folks and tell them I need more money. It may cause me to loose a few bookings, it did this the last time. All we can hope for is that it goes back down below the $70 mark quick.
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Old June 10th, 2009, 11:24 AM
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It's up to $71 and increasing. Here is a link to reuters for light sweet crude oil. http://www.reuters.com/finance/commodity?symbol=US@CL.1
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Old June 10th, 2009, 03:31 PM
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Quote:
Originally Posted by katlady
It's up to $71 and increasing. Here is a link to reuters for light sweet crude oil. http://www.reuters.com/finance/commodity?symbol=US@CL.1
Katlady,

Great website! err, I think Do I really want to know?

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Old June 10th, 2009, 03:53 PM
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O.K. here's the next scenario. We're booked for Nov. Lets say Celebrity charges us another $240 for fuel. Then, what if the price of crude DROPS below $70 before we sail. Are we gonna get the surcharge refunded? Or an OB credit or something?
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Old June 10th, 2009, 06:49 PM
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At the time we suspended fuel supplements we reserved the right to reinstate them if the price of light sweet crude oil, according to the NYMEX, should increase above $70 per barrel. While we have now exceeded that threshold, in light of the economic crisis and resulting consumer weakness, we presently have no plans to institute a fuel supplement. We will continue to monitor the situation in the markets and review our position as the situation warrants.

This is from one of the cruise lines websites.

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Old June 11th, 2009, 01:34 PM
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Default Re: just in

Quote:
Originally Posted by worthew8
At the time we suspended fuel supplements we reserved the right to reinstate them if the price of light sweet crude oil, according to the NYMEX, should increase above $70 per barrel. While we have now exceeded that threshold, in light of the economic crisis and resulting consumer weakness, we presently have no plans to institute a fuel supplement. We will continue to monitor the situation in the markets and review our position as the situation warrants.

This is from one of the cruise lines websites.

Sweet (crude) Sailing
I doubt that cruise lines will bring back fuel supplements unless oil hits $100 or more per barrel. The fuel supplement was a mess for the cruise lines that included law suits, refunds and onboard credits. I doubt they want to relive that unless the price of oil forces the cruise lines to re-implement the fuel surcharge.

Take care,
Mike
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Old June 11th, 2009, 08:59 PM
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Oh no, here we go again
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Old June 13th, 2009, 09:14 AM
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RCCL has put a message on my reservation reminding me that the contract allows them to add a fuel surcharge should oil reach $65 before 6/15/09.

I find this to be ominous but have my fingers crossed.

They haven't added the fuel surcharge yet. I guess they don't want people to be surprised when they find out they owe more money. Up to $10/pp/day. Ouch.
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Old June 13th, 2009, 09:33 AM
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Surcharges are based on the price of West Texas Intermediate fuel when it exceeds $65.00 per barrel the lines say they have reserved the right to impose once again.. i believe RCL will take it's lead from Carnival Corporation
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