This is why we ran the stories about the change in Best Price Guarantees.
When Royal Caribbean changed their policy last month we predicted prices would be falling, and they are. Kudos to Carnival for sticking WITH their Early Savers programs.
Yes - the price of oil has dropped dramatically - down to $70/barrel when it was as high as $85 just aboutr 6 weeks ago. That gives them a lot of wiggle room on pricing.
It is the economy - it has nothing to do with the Oil Spill. The spill normally would have driven prices higher, but the new weakness in Europe has consumers not spending over there, and they pay a LOT for gas.
By the way - in case you are not watching - our economy is really tanking again and this time it could take a long time to pull out again.