Prices are coming down as demand weakens, so if you were thinking of taking a flight — now might be a good time to start shopping for tickets.Southwest Airlines and AirTran have both announced fare cuts and the LA Times says that traffic is down 31% at LA/Ontario International Airport as ExpressJet, United Airlines, Delta Airlines, Southwest Airlines and JetBlue Airways have eliminated or slashed service. With that in mind, here are three shopping tools we like…
AAA says that gas prices have fallen for 51 straight days — and that the current average price is $2.31 per gallon. The current price is the lowest the nation has seen since February of 2007, and is 43.8% lower than the record high of $4.11 set during July of this year.
The New York Times has an interesting article today about the rising specter of deflation — in which a lack of demand causes prices to fall. Falling prices sounds like a good thing for consumers who have been battered with rising costs over the past year — but experts agree — deflation is nothing but bad news.
We don’t feel so bad that we don’t yet have a Wii, because Dubner over at Freakonomics doesn’t have one and he’s certainly wealthier and more popular than we are. He’s posted a letter from one Paul Kimmelman summarizing the baffling shortage of Wiis. It raises some interesting questions.
Prices on eBay have fallen as well. Whoops. Of course this doesn’t mean you can walk in to a store and actually buy a PS3, but it does mean you can’t gouge someone on eBay quite as easily.—MEGHANN MARCO