suupah
Well-known member
- Joined
- Jan 31, 2004
- Posts
- 1,779
Automotive Gasoline was about a buck less than ten years ago, yet is close to $3 per gallon in most parts of the country as of the time that I write this. The country cannot exist without gasoline, so we pay the $3 per gallon. I would submit that the country can not exist without air travel; why then, do we not increase the price of air travel accordingly? Big oil companies are making record profits, why shouldn't the airlines, a historically underperforming sector of the economy, do the same?
Supply and demand determines ticket price not cost.