Now it is July $2012,$ and the current spot price for oil is $$100$ per barrel. A major airline company wants to hedge the risk against the rise in the oil price for purchase in the December of $2012.$ Thus,it enters into the oil futures market now. The current futures price of oil for delivery in January $2013$ is $$99$: In December $2012,$ the airline company closes out its futures position when the market futures price of oil for delivery in January $2013$ is $$107.$ The company then purchases the oil at the market price of $$108.$ What is the effective price that the airline company pays with hedging in the oil futures market?