Stay home. It's cheaper than gas.
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By Jennifer Palmer
Published: August 30, 2008
The cost of getting around has increased, regardless of the method of travel.
Gasoline prices are at an all-time high, up 30-40 percent from last year. That is affecting the bottom line of virtually every method of transportation.Advertisement
What's price impact?
Inflation of fuel prices also shows up in the cost of an airline ticket. American Airlines said the fuel cost per roundtrip ticket has increased from $64 to $192 since 2000, but the airline's profit from each roundtrip ticket has gone down during the same time.
"When you talk about impacting the bottom line of an airline — it's fuel,” said Vic Bird, director of the Oklahoma Aeronautics Commission. Even Southwest Airlines' tickets have increased by $15 to $30 this year because of fuel prices.
Higher prices may influence some would-be travelers to stay home. If consumers divide their disposable income among the things they need every month, "airline tickets may not be very high on that list,” said Mark Kranenburg, director of airports for Oklahoma City.
There are alternatives
So why not take a train?
It's probably the most economical way to travel, but trains still run on diesel. Train travel prices have also been affected by inflation and oil prices. A one-way ticket on the Heartland Flyer, which runs between Oklahoma and Texas, increased this year by $1.
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Business, Financial Markets, Air Travel, Transportation, Gas Prices, Trade, Oil Prices, Commodity Markets


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