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$1500 to Europe economy in May- buy now or wait?

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I'm flying my family of 4 to Rome from Ohio end of May. $1500 is the cheapest out there and I've been looking for months. This seems way higher than the last time we flew to Europe a year ago. Then it was about $1200. Why is it so expensive right now? Should I buy now or wait and hope they go down?

Thx!

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