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Buy Air Tix Now?

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Let me preface this by saying I fully understand that nobody can give me a firm answer on this question - I am just trying to get some insight from some folks that have more experience than myself. I am getting ready to buy tickets to go to the UK 7/10-7/24. I have been following the airfares pretty regularly for the last couple of months because we have been considering going to visit my daughter over there while she is taking classes at Oxford, but were not in a position to buy yet because she was not 100% sure of her plans. Overall, the airfares to London have been pretty consistently around $1250 RT other than a few day period about a month ago when there were around $1000. Now in the last week they have went up to $1350 and just today to $1400. So my question is is this a continuing trend and am I too late to get a cheaper fare, so I should buy now before they get even higher? Or is there still a chance they could go down a bit?

The reason I am hesitant is the one other time we went to Europe I faced a similar trend in prices and went ahead and bought tix thinking it was too late to expect them to go back down, and ended up I could have gotten them about $300 a ticket cheaper about 8 weeks before our trip. However, even though we are completing our trip before the Olympics I am wondering how that might figure into things this year. Thoughts??

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