Airlines hike fares, gas prices hit $4 per gallon


Carl Unger
Carl Unger

    Five airlines, led by

    American

    , unleashed the

    17th fare hike

    of the year this weekend. On Friday, June 6, American announced a $20 increase on a third of its routes, then extended the hike to all of its flights. United, Delta, Continental, and US Airways matched at least part of American's increase over the weekend, leaving Northwest as the lone legacy carrier holding out. Air Canada and Midwest also joined in. This will be the 13th successful fare hike of the year if it sticks.

    Compounding this news, the national average gasoline price cracked $4 a gallon this weekend, according to

    AAA

    . $4 a gallon! That's an increase of almost a full dollar per gallon since January.

    If you're curious about the multiple factors influencing the price of gas and jet fuel,

    BBC News

    has a good roundup of news and analysis, including some attempts to clear up the

    fuzzy

    (at best) factors that cause oil prices to go up.

    So what's an aspiring traveler to do? I know I'll be staying home, or

    close to it

    . Leave a comment below and let us know what your plans are.