Graph and download economic data for Kerosene-Type Jet Fuel Prices: U.S. Gulf Coast (WJFUELUSGULF) from 1990-04-06 to 2025-02-28 about kerosene, fuels, commodities, and USA.

Jet fuel prices in the aviation industry were at an all-time low during 2020; the lowest value recorded was in the week of May 1, 2020 at 0.46 U.S. dollars per gallon. Now that air passenger demand is improving, the rise in jet fuel prices is putting pressure on the airline industry that is trying to return to profitability.

The Jet Fuel Market is Segmented by Fuel Type (Jet A, Jet A1, and Jet B), Application (Commercial, Defense, and General Aviation), and Geography (North America, South America, Europe, Middle-East and Africa, and Asia-Pacific). The report offers the market size and forecasts for jet fuel in revenue (USD) for all the above segments.

United States - Kerosene-Type Jet Fuel Prices: U.S. Gulf Coast was 1.85800 $ per Gallon in January of 2021, according to the United States Federal Reserve. Historically, United States - Kerosene-Type Jet Fuel Prices: U.S. Gulf Coast reached a record high of 3.05600 in January of 2012 and a record low of 0.40300 in January of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Kerosene-Type Jet Fuel Prices: U.S. Gulf Coast - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Jet Fuel (WPU057203) from Jan 1975 to Feb 2025 about fuels, commodities, PPI, inflation, price index, indexes, price, and USA.

This statistic represents the sales price of aviation fuel to end-users in the United States between 1990 and 2014. The average price of jet fuel kerosene stood at around 90 US cents per gallon in 2000.

The cost of airline fuel has been volatile over the last sixteen years. From a high of 3.17 U.S. dollars per gallon in 2012, just four years later the cost had fallen by more than half to 1.45 U.S. dollars and reaching 1.98 U.S dollars per gallon in 2021.

Airline fuel

The vast majority of airline fuel used by U.S. airlines is jet fuel, which is a kerosene-based fuel derived from petroleum. Being a petroleum product, the price of jet fuel is greatly affected by the global price of crude oil. For example, the three most common benchmarks of global oil prices – the Brent, the West Texas Intermediate, and the OPEC (Reference) Basket – all exhibit similar fluctuations in the price of airline fuel in the same period.

Influence of airline fuel price Fuel expenses typically represent around 20-30 percent of an airlines’ total expenses, so any fluctuation in price will respectively affect the financial position of airlines. This is clearly demonstrated by the decline in net profits of airlines globally in 2019, coinciding with the above-mentioned rise in oil prices.

The Wholesale Price Index of aviation turbine fuel across India during financial year 2024 was 158.6. The price index value of turbine fuel increased by about 88 percent from the base year of 2012. An overall increase in the price index was seen over the years from financial year 2013 in the country.

Explore the Jet Fuel Global Market Report 2025 Market trends! Covers key players, growth rate 5% CAGR, market size $261.14 Billion, and forecasts to 2033. Get insights now!

Industrial product price index (IPPI), for selected products, by region, by North American Product Classification System (NAPCS) 2017 Version 2.0. Monthly data are available from January 1971. The table presents month-over-month and year-over-year percentage changes. The base period is (202001=100).

Fuel costs are a significant but highly variable expense for airlines worldwide, specifically in recent years due to rising energy prices. As of 2023, the share of fuel cost in overall airline companies' spending was estimated to reach 32 percent.

United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Jet Fuel was 353.35500 Index 1982=100 in March of 2022, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Jet Fuel reached a record high of 413.40000 in July of 2008 and a record low of 11.90000 in March of 1973. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Jet Fuel - last updated from the United States Federal Reserve on March of 2025.

The price of jet kerosene in India has reached 1155 USD/MT in the fourth quarter of 2023. The Indian market has been witnessing a fair share of opportunities due to the relaxation of US sanctions on Venezuela, which enables the nation to procure crude oil at better competitive prices, which is highly likely to change the import strategies. Other than this, the production costs of jet kerosene across the region reduced when the supply interruptions caused due to the Israel-Hamas conflict, got better. Moreover, jet kerosene oil prices witnessed a considerable low due to the inflow of economical crude oil from Venezuela. According to numerous reports, various oil marketing companies including Bharat Petroleum Corporation, Indian Oil corporation, and Hindustan Petroleum Corporation are prepared to reduce the fuel prices in the upcoming future.

Jet Kerosene Prices December 2023

Explore IMARC's latest publication, “Jet Kerosene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the jet kerosene market, providing insights into both global and regional trends that are shaping prices.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Kerosene and Jet Fuels (WPU0572) from Jan 1947 to Feb 2025 about kerosene, fuels, commodities, PPI, inflation, price index, indexes, price, and USA.

According to Cognitive Market Research, the global Commercial Aircraft Aviation Fuel market size will be USD XX million in 2023. It will expand at a compound annual growth rate (CAGR) of 15.20% from 2023 to 2030.

The demand for Commercial Aircraft Aviation Fuel is rising due to increasing focus on reducing carbon emissions.
Demand for air turbine fuel remains higher in the Commercial aircraft aviation fuel market.
The passenger aircraft category held the highest Commercial Aircraft Aviation Fuel market revenue share in 2023.
North American Commercial Aircraft Aviation Fuel will continue to lead, whereas the European Commercial Aircraft Aviation Fuel market will experience the most substantial growth until 2030.

Expansion of the Tourism Industry to Provide Viable Market Output

The expansion of tourism is influencing the market's growth. The surge in global tourism has led to a rise in air travel demand, subsequently driving the need for aviation fuel. As more people explore diverse destinations, airlines are compelled to increase their fleets and flights, increasing fuel consumption. Additionally, emerging economies witnessing a boost in tourism further amplify this trend. The expansion of the tourism sector acts as a key driver, stimulating investments and innovations in aviation fuel technology to meet the escalating requirements of the growing commercial airline industry.

For instance, According to the World Tourism Organization, a specialized agency of the United Nations (UN), tourist arrivals in Maldives in January 2021 stood at 92,103. This count rose to 99,397 by 3rd February 2021. The growing count of tourists is creating promising scope for the aviation industry.

Source-www.unwto.org/maldives-tourism-looking-up-after-reopening

Increased Development of Jet-a-fuels to Propel Market Growth

The development of jet-a-fuels has significantly impacted the Commercial aircraft aviation fuel market. Jet-A fuels are undergoing advancements to enhance fuel efficiency, reduce carbon emissions, and comply with stringent environmental regulations. These innovations focus on improving the energy density of fuels, exploring alternative and renewable sources, and optimizing combustion processes. The rise in demand for cleaner and more sustainable aviation fuels, coupled with a global emphasis on reducing the environmental impact of air travel, is compelling the industry to invest in research and development, thereby fostering the evolution of Jet-A fuels for a more eco-friendly aviation future.

For instance, in June 2021, researchers at Washington State University developed a process for turning waste plastics into sustainable jet-A fuel. If the process is refined and applied on a large scale, the procedure is expected to address major environmental problems, including greenhouse gas emissions and plastic pollution.

Source-news.wsu.edu/press-release/2021/05/17/new-technology-converts-waste-plastics-jet-fuel-hour/

Market Dynamics of the Commercial Aircraft Aviation Fuel Market

Fluctuation in Oil Prices to Restrict Market Growth

The fluctuation in oil prices hinders the growth of the market. The industry is highly sensitive to changes in crude oil prices, affecting the overall operational costs for airlines. Frequent spikes in oil prices can lead to increased expenses for fuel, impacting profit margins and necessitating adjustments in ticket prices. Conversely, a decline in oil prices may provide temporary relief but can disrupt long-term planning and investments in fuel-efficient technologies. The unpredictable nature of oil price fluctuations introduces financial uncertainties, making it challenging for airlines to budget effectively and potentially hindering the adoption of sustainable aviation fuel alternatives.

Impact of COVID–19 on the Commercial Aircraft Aviation Fuel market

The COVID-19 pandemic significantly affected the Commercial Aircraft Aviation Fuel market. The unprecedented decline in air travel demand led to reduced flight operations, impacting the aviation fuel sector. Airlines faced financial challenges, resulting in fleet groundings and delayed deliveries of new aircraft. It led to a surplus of aviation fuel, causing a price drop. Governments implemented travel restrictions and lockdowns, further exacerbating the industry's woes. As the world strives for recovery, the aviation fuel market is gradually rebounding, but uncertainties ...

Have timely access to reliable Kerosene price assessments in Netherlands:

• Kerosene (jet fuel), export spot price, fob, Rotterdam

Each assessment includes Kerosene price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Kerosene price assessments for Netherlands and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

In 2021, the estimated average price per barrel of Brent crude oil in the aviation industry amounted to 69.6 euros. In that same year, airlines paid 19 percent of the total expenditure on fuel.

The South East Asia aviation fuel market size was valued at USD 17.27 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 35.54 Billion by 2033, exhibiting a CAGR of 7.60% from 2025-2033. The market in the region is primarily driven by rising air travel demand, expanding tourism, surging economic growth, rising infrastructure development, stringent government policies, fluctuating fuel prices, and increasing awareness of environmental regulations.

IMARC Group provides an analysis of the key trends in each segment of the South East Asia aviation fuel market, along with forecasts at the country and regional levels from 2025-2033. The market has been categorized based on fuel, aircraft, and end use.

This dataset describes the individual fuel purchases, by Region or Group, made for Transport Canada’s fleet of aircraft. Details provided include the city where the fuel was purchased, the supplier, volume, purchase price, and the method of payment used.

In the fiscal year of 2023, Air Canada paid nearly 112 Canadian cents for each liter of jet fuel, down from 130 cents paid for per liter of fuel in the previous year. In the period of consideration, 130 Canadian cents was the highest average fuel cost paid by the airline company.