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Popularity of the flight (How many tickets have been sold/how many are left).. Fuel costs, number of flights to/from destination, time of year, government taxes.. There's a hundred different things that can affect the pricing. Best option.. Look at the price, that's what it is. Make your decision. If it's too high for you. Don't buy the ticket.
And, of course, you MIGHT have gotten really lucky and booked a fat-finger fare last April and because it wasn't unreasonable ($20 per ticket or similar) they just let you get away with it.
I've noticed the same thing. A few months ago I saw oneway flights LAX-Manila for $285 for spring dates, and the other day, there was nothing under about $435.
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