The answer to this question seems like it would be pretty straightforward and easy, right?
Oil prices fall, which leads to a drop in jet fuel prices, which inevitably leads to cheaper airfare, right?
If you drive a car you probably notice that when the price of oil drops, prices at the pump follow. This is also true for pumping a plane full of fuel. Oil falls, so does the price of jet fuel. So, why doesn’t airfare fall too?