Only under particular certain conditions. Under other conditions this is not so.
For example in businesses where variable costs dominate the cost of the product and the economies of scale have already been realized, price discrimination will not lower average prices. Ditto for supply-constrained products.
In real life the situation is complicated because most price discrimination involves slightly different products so deconstructing the demand curves is not trivial. As an example consider deluxe game editions. You get a bit of added value (a soundtrack, maybe a printed booklet or a figurine), but the price premium is typically much larger than the value of the add-ons. What's happening? Price discrimination.
Only under particular certain conditions. Under other conditions this is not so.
I edited my post before I checked to see if you had commented--remember that this is in the context of airlines, in which case it is absolutely true. We only have the modern air industry at the size and level of connections that it is because of the sophisticated price discrimination.
I was going to wait to post this for reasons, but realized that was pretty dumb when the difference of a few weeks could literally save people hundreds, if not thousands of collective dollars.
If you fly regularly (or at all), you may already know about this method of saving money. The method is quite simple: instead of buying a round-trip ticket from the airline or reseller, you hunt down much cheaper one-way flights with layovers at your destination and/or your point of origin. Skiplagged is a service that will do this automatically for you, and has been in the news recently because the creator was sued by United Airlines and Orbitz. While Skiplagged will allow you to click-through to purchase the one-way ticket to your destination, they have broken or disabled the functionality of the redirect to the one-way ticket back (possibly in order to raise more funds for their legal defense). However, finding the return flight manually is fairly easy as the provide all the information to filter for it on other websites (time, airline, etc). I personally have benefited from this - I am flying to Texas from Southern California soon, and instead of a round-trip ticket which would cost me about $450, I spent ~$180 on two one-way tickets (with the return flight being the "layover" at my point-of-origin). These are, perhaps, larger than usual savings; I think 20-25% is more common, but even then it's a fairly significant amount of money.
Relevant warnings by gwillen:
Additionally, you should do all of your airline/hotel/etc shopping using whatever private browsing mode your web browser has. This will often let you purchase the exact same product for a cheaper price.
That is all.