Gas Prices

GAS PRICES
Last time I filled up on gas it was $4.079 a gallon. That was about a month ago. Yesterday, I filled up on gas and it was $2.60 a gallon. I should note that yesterday I waited in line at Costco like 1/2 of the island because regular gas down the street was at $3.17.

What I don't understand is airlines have been quick to raise fares, charge for bags and fuel surcharge fees to the consumer in order to account for "increases in gas prices". Now that gas prices are on the decline, can't airlines purchase oil by the boat load? If I recall correctly its called wedging. If an airline practices this shouldn't they start passing on some of the savings to the consumer? Perhaps by eliminating fuel surcharge fees or lowering fares so people are more apt to travel.

I understand that people are in a bind and are stretching their dollars to the maximum, but as an airline wouldn't you rather have people fly at a lower cost than have that seat empty?

Soon with RyanAir coming stateside, US airlines, you better come up with a way to earn loyal clients.

Just my $0.02.

Mahalo for reading.

Until next time.