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Author Topic: Fuel  (Read 1733 times)

bob123

  • Former member
Fuel
« on: May 14, 2012, 08:59:09 PM »
Is the fuel price going to keep rising and if so would it be a good time to get a fuel hedge

Offline Pukeko

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  • Posts: 958
Re: Fuel
« Reply #1 on: May 15, 2012, 10:22:41 PM »
Is the fuel price going to keep rising and if so would it be a good time to get a fuel hedge

Looking into my crystal ball the answer is "maybe".


Offline Jona L.

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Re: Fuel
« Reply #2 on: May 15, 2012, 10:26:36 PM »
Looking into my crystal ball the answer is "maybe".

One could not have said it better!

Offline lunchbox

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  • Posts: 459
Re: Fuel
« Reply #3 on: May 16, 2012, 12:16:23 AM »
*Asks the crystal ball, will gas prices go below 100 again???*

 :P

Offline EsquireFlyer

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  • Posts: 1327
Re: Fuel
« Reply #4 on: May 16, 2012, 01:05:03 AM »
Is the fuel price going to keep rising and if so would it be a good time to get a fuel hedge

lol i hope you hedged at the time you posted this!!

Offline Pukeko

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  • Posts: 958
Re: Fuel
« Reply #5 on: May 16, 2012, 01:25:54 AM »
*Asks the crystal ball, will gas prices go below 100 again???*

 :P

Crystal ball says "very unlikely"

bob123

  • Former member
Re: Fuel
« Reply #6 on: May 16, 2012, 01:37:35 AM »
I have. Hedge of 95 usd for gas so better then the price now

Offline lunchbox

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Re: Fuel
« Reply #7 on: May 16, 2012, 01:45:24 AM »
I would hate to hedge at 119, and it drop back below that

Offline EsquireFlyer

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Re: Fuel
« Reply #8 on: May 16, 2012, 06:34:04 AM »
I have. Hedge of 95 usd for gas so better then the price now

Very nice!!!

bob123

  • Former member
Re: Fuel
« Reply #9 on: May 16, 2012, 11:13:16 AM »
I know the fuel is so hard to predict

Offline lunchbox

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  • Posts: 459
Re: Fuel
« Reply #10 on: May 17, 2012, 12:38:21 AM »
Yeah, my silly self decided to hedge at 119, and of course fuel prices dropped to 103 not too long after.

Now I sit and wait for them to climb past 120 so I can feel some sort of accomplishment lol :P

bob123

  • Former member
Re: Fuel
« Reply #11 on: May 17, 2012, 02:53:50 AM »
Ha for once I want the fuel to go up so I can feel successful. Lol anyway what do you think about a way to cancel the hedge by paying x amount of cash that is proportional to your hedge?

Offline lunchbox

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  • Posts: 459
Re: Fuel
« Reply #12 on: May 17, 2012, 03:57:39 AM »
I like that idea, did you pitch to sami in the feature request yet? :)

Offline EsquireFlyer

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  • Posts: 1327
Re: Fuel
« Reply #13 on: May 17, 2012, 04:42:51 AM »
Ha for once I want the fuel to go up so I can feel successful. Lol anyway what do you think about a way to cancel the hedge by paying x amount of cash that is proportional to your hedge?

In the real world, I don't think you can cancel a fuel hedge contract like that, at least not usually. The counterparty that sells you the hedge contract "wins" on the bet that you "lose," and so they won't want to let you off for a cancel fee which is less than the amount you would have lost by upholding the contract.

Similarly, if the fuel price went up after you hedged, you wouldn't want the other side to be able to break the hedge contract by refunding you the service fee you paid them, right? When you win, what you want is the full benefit of the bargain you made; when you lose, the other side wants the same thing.

Offline Troxartas86

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Re: Fuel
« Reply #14 on: May 17, 2012, 08:07:37 AM »
It seems like we won't get back below 90 but it is also still going to go up and down randomly which leaves an opening for your to lose the bet. I've yet to use the hedging feature until I can get a feel for where prices are going to go. If it spiked back up to 120 again, I will probably give it a shot at the next drop.

I think it's funny that I BKed from an early fuel spike running 707s without competition in the last DoTM but this time I'm running Soviet planes and hardly noticing the current fluctuations.

Online Emaw Jones

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Re: Fuel
« Reply #15 on: May 21, 2012, 11:24:20 PM »
Everyone can thank me for stabalizing the price of fuel.

I knew the moment I bit the bullet and took a 100% year long hedge, the price would stabalize below my hedge.  It did  >:(

your all very welcome. :D


Offline EsquireFlyer

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Re: Fuel
« Reply #16 on: May 22, 2012, 04:13:30 AM »
Now I sit and wait for them to climb past 120 so I can feel some sort of accomplishment lol :P

Do you feel accomplished yet?  ;D

Offline EsquireFlyer

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Re: Fuel
« Reply #17 on: May 22, 2012, 04:14:53 AM »
Everyone can thank me for stabalizing the price of fuel.

I knew the moment I bit the bullet and took a 100% year long hedge, the price would stabalize below my hedge.  It did  >:(

your all very welcome. :D

Well I just bought a 40% hedge at 152, so next week the price will probably go down to 145.

Offline lunchbox

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Re: Fuel
« Reply #18 on: May 23, 2012, 01:22:17 AM »
Do you feel accomplished yet?  ;D


Yes I do!!!

I'm currently hedging at 137 8)

Offline Troxartas86

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Re: Fuel
« Reply #19 on: May 23, 2012, 03:03:35 AM »
How's everyone enjoying that 10% spike? Yikes.

 

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