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Air Travelers Aren't Getting a Break From Lower Oil Prices

2014-12-19 10:09:07| Airlines - Topix.net

International oil prices have fallen more than 40% since mid-June as global supplies have piled up amid a production boom and weakening demand overseas. Yet U.S. airfares rose at a healthy 5% clip between July and September after a 7.6% rise in the prior three-month period, according to the Commerce Department's quarterly report on travel and tourism spending released Thursday.

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