US Jet Fuel Spot Price Passes $5.00 Per Gallon at End of April

US Carriers Jet Fuel Cost and Consumption - March 2022


 

 

US carriers reported an average fuel cost of $3.04 per gallon during March 2022. Spot prices have continued to increase, reaching $5.07 on April 28, 2022 and averaged $3.91 for the month of April. US fuel cost remained relatively consistent during the summer months until a double digit increases starting in October 2021. The steep increases have been made worse by Russia's invasion in Ukraine. Jet fuel consumption was up 37.2 percent compared to March 2021.


 

 
Fuel Cost ($US) March 2022 March 2021 % Chg 12 Months March 2022 12 Months March 2021 % Chg
Domestic $3.03 $1.87 62.0% $2.21 $1.36 62.2%
International $3.06 $1.80 70.0% $2.20 $1.30 69.3%
System $3.04 $1.85 64.3% $2.21 $1.34 64.2%
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Gallons MM March 2022 March 2021 % Chg 12 Months March 2022 12 Months March 2021 % Chg
Domestic 980.8 713.6 37.4% 10,763.0 6,293.8 71.0%
International 395.4 289.7 36.5% 4,141.1 2,631.4 57.4%
System 1,376.2 1,003.3 37.2% 14,904.2 8,925.3 67.0%
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US BTS data for scheduled services of carriers with at least $20 MM revenue per year.

 

 

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