Lower gas prices lead to cheaper airfares

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DAN: PROJECT ECONOMY TONIGHT. THE PRICE OF TAKING A PLANE FLIGHT COULD BE ON IT’S WAY DOWN. ERIN: FREQUENT FLIERS COULD START SEEING SOME REALLY CHEAP AIRFARE THANKS TO DROPPING OIL PRICES. ACTION NEWS REPORTER GARY NURENBERG HAS MORE FROM OUR WASHINGTON NEWSROOM. AIRLINES ARE PAYING A THIRD LESS FOR AVIATION FUEL NOW THAN THEY DID AT THE BEGINNING OF THE YEAR AND THAT COULD BE GOOD NEWS FOR FLIERS BUT IT TURNS OUT SOME OF THE BIGGEST SAVINGS ARE STILL ON THE GROUND. WE COULD USUALLY COUNT IT — ON IT BEING AROUND 600 PLUS AND THIS TRIP WAS AROUND WATER. TRAVELERS ARE STARTING TO SEE SOME REMARKABLE FARES OF RUN TRIPS. NEW YORK TO L.A., $150. FUEL COST TO GIVES AIRLINES MORE FLEXIBILITY IN PRICING. BUT DOUGLAS KID SAYS DON’T GET TOO EXCITED. DON’T EXPECT THEM TO LAST FOR EVER AND DON’T EXPECT TO SEE THEM ON ALL ROUTES. BUT YOU CAN EXPECT TO SEE MORE CERTAINTY ON THE GROUND, SAYS JEFF LEONARD. HIS MEMBERS SO 80% OF THE GAS IN THE COUNTRY. IF OIL PRICES HOLD WHERE THEY ARE, PRICES COME DOWN CONSIDERABLY OVER THE NEXT FEW MONTHS. THAT IS AWESOME. THAT MAKES ME HAPPY. AAA SAYS GAS PRICES ARE DOWN ONE DOLLAR FROM A YEAR AGO, AVERAGING $2.51 NATIONALLY. COMPARED TO THREE DOLLARS, THAT IS FABULOUS. AND IT COULD GET EVEN BETTER WHEN SUMMER DRIVING VACATIONS

 

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