The world is becoming a smaller, better place:
http://www.independent.co.uk/travel/news-and-advice/nofrills-airline-norwegian-to-launch-lowcost-transatlantic-flights-from-gatwick-8886382.htmlIntroductory fares to New York are £149 one-way. After Air Passenger Duty is deducted from Norwegian's fare, the airline will be left with just £82 - the standard fare that prevailed when Laker Airways went bust in 1982. Since then, People Express, Virgin Atlantic, Continental, British Airways and Delta have all tried a Gatwick-New York route, but failed to make it pay.
Either this fails, which it may yet fail, or we're going to see
even cheaper flights in the future.
Sadly speaking, airline prices don't really depend on fuel prices as much as they depend - as in this case - local taxes and fees imposed by airports. It will cost me as much money to get from Ben-Gurion Airport to Gatwick as it would to get from Gatwick to NYC.