Commodity prices are changing your summer vacation. Oil prices are spiking and that causes a ripple effect: Campgrounds have to charge more because maintenance cost increase. Airlines fly fewer and smaller aircraft, making a cheap seat harder to come by. Even some cruise ships will start cutting back on the buffet to close the gap between the cost of a ticket bought last year and the price of fuel currently being paid. Locking in prices now, by paying up front, is the best hedge against escalating costs. That and staying closer to home.
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05/02/2011
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oil prices will affect the destination choice for family vacation....
Posted by: Villa | 05/03/2011 at 06:02 AM
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Posted by: Aarohi | 05/03/2011 at 06:15 AM
From my understanding everyone was blaming the hosing market for the recession the first time around. but if I recall that's the same time gas prices spiked. I am thinking the gas prices are the cause of the poor economy and it has been for a long time. someone should reign in the gas companies and cap the price of gas to a certain percentage increase per year. Its not like they can't afford to lsoe 2 billion a year when they are making 64 billion in profits.
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