Source: US Energy Information Administration, U.S. Gulf Coast
Kerosene-Type Jet Fuel Spot Price FOB, USD per gallon.
Jet Fuel Prices, 1990-2015
Fuel accounts for about 40% to 50% of air
operating costs of a flight, depending
of the type of plane used (economies of scale and fuel efficiency
are directly related). Since 2000, the airline industry is facing an environment
characterized by much higher fuel prices and volatility. While during the 1990s, jet
fuel prices were very stable, the beginning of the 21st century is
marked by a surge or prices as well as large fluctuations. In the
2010s, jet fuel prices stood at 6 times the level seen in the 1990s.