Jet fuels pricing are going down. Will airfares follow?

If you’re a regular flier, you know that airlines often blame high fuel prices when they raise fares. But the U.S. Department of Transportation came out with new data this week, and fuel prices are actually trending down.

This should be good news for passengers. But would you suppose we’ll see fare prices going down?

Cost per gallon for U.S. airlines’ scheduled services:

May 2012       $3.03
April 2013      $2.85
May 2013        $2.71

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