If you just bought plane tickets yesterday, get ready to kick yourself . . . Today is National Cheap Flight Day, when ticket prices tend to start dropping ahead of the holidays. Gas prices are down from earlier this summer, which helps. But it's mainly because kids are back in school, so the summer travel season is over. Airlines like to keep flights as full as possible to maximize profits. So historically, August 23rd is when they tend to start cutting prices to increase demand.
A website that tracks this stuff says prices peaked around June 15th. And by the end of July, they'd already dropped 20%. They should dip a little more by the end of August, but they won't be too cheap for long. They usually start to go back up around the end of September as we start gearing up for the holidays.
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