Doesn't seem high to me. An A332 uses ~2360gal/hr at cruise (much more during climb of course). A $0.01 increase in fuel price yields a $23.60 increase in hourly fuel cost. Since it's a long range plane, lets conservatively say its in the air 50% of the time over the course of a year. That's 4,380 hours. 4380 x $23.60 = $103,368 increase in annual fuel costs for a single A332.