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Passenger traffic is up.

It never went down, even after the "9/11" attack. Occupancy has been fairly constant, at a level solidly above 100%, for the past decade.

The downward trend in fuel prices, however, is quite significant. I expect that fuel prices will continue to decline, so that gasoline will be less than $2.00 per gallon in most of the United States by the election in November.

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