Falling oil prices have sent gas and jet fuel prices to record lows. As of December 2nd, oil prices are below $70 a barrel thanks to fracking, a controversial American practice of extracting oil; OPEC’s decision to maintain current oil production instead of decreasing output quotas; and a slow in demand. As a result, commuters have been enjoying lower gas prices; companies are seeing lower shipping costs; and airlines are reaping the benefits of increased profit. Even though the cost of jet fuel has dropped, airlines are not lowering fares. With an increase in flying fares and a decrease in the cost of jet fuel, many are expecting big profits for airlines.