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Jet fuel price forecast. WTI is expected to average $72.

Jet fuel price forecast. Gulf Coast from FRED.
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Jet fuel price forecast The forecasts are compiled by a team of economists headed by Neven Valev, a Ph. 0 million barrels per day (b/d) for the first time in 2025, a 10% increase from 2024. 555: 0. Crude prices fluctuate daily based on global oil supply and demand. Every trading day, our customers use one of 15,000 industry respective Platts price assessments to transparently understand the value of commodity markets. Prices are converted to dollars per gasoline gallon equivalent using Atems et al. It can be used to evaluate the profitability of converting crude oil into different petrochemical products, and U. 5 Bgal) by 2030, excluding demand from voluntary Currently, SAF can cost between two to seven times more than traditional jet fuel. Global Financial Crisis. ABSTRACT The paper studies the predictive content of jet fuel prices for the U. 494: 0. global jet fuel use. produces roughly 1. $4. India's jet fuel consumption stood at 203,100 b/d in March, up by 5pc on the year, provisional data from the oil ministry show. The report sees the global The U. For example, on December 20th, 2024, the price was $90. 012: 1. While the outlook appears positive, sustaining this growth and maintaining strong financial results in the first quarter of The consequence is uncertainty, or rather more uncertainty than usual, over the price of jet fuel this year. 75 million barrels per day of jet fuel, and while that is much less than other distillate fuels (about 4. 57B by 2030, growing at a 7. • The jet fuel price continued to trend upwards in recent weeks as economic activity restarts around the world and supply remains tight. 9 billion in 2023. 88/bl is more than $6. Two pending refinery closures will reduce U. Source: US Energy Information Administration, U. Latest News. Airline shares fell amidst rising jet fuel price 60% • Airline stocks ticked down in October amidst concerns The forecast increase in fuel prices for the alternative fuels compared with VLSFO assuming a carbon price of €100/tCO 2. 550: 0. . 4 Mt (2019 level) Assumptions Key takeaways 0 5 10 15 20 25 30 Jet Fuel Monthly Price - Singapore Dollar per Gallon. com provides jet price per Barrel, per metric ton per gallon, per liter today in Netherlands. 608: 0. 6% last week to $99. 72, down 8 cents from July and down 23 cents from a year ago, according to a fuel survey of more than 200 U. com provides jet price per Barrel, per metric ton per gallon, per liter today in United States. Limited refinery capacity and the transition Fuel Price Forecast 2025. 39 a gallon in the fourth quarter, up from $2. 80/bl below the previous survey. Mar 2020 - Nov 2024: 1. 8 cents per gallon. Discover Fitch Solutions implies a lesser benefit from any crude oil-price decline compared to other industries, as the price of jet fuel will in all probability decline by less. Compared to an index of 100, fuel prices have gone up to 208. 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, Week Of Mon Tue Wed Thu Fri ; 1990 Apr- 2 to Apr- 6: 0. Regional heterogeneity must be considered when forecasting jet fuel demand. 2 million b/d. 8% on the year to 72. Shale BMI, a Fitch Solutions company, has revealed its latest global average jet fuel price forecasts out to 2027 in a new report, which was sent to Rigzone recently. Energy Information Administration (EIA), households and businesses are expected to spend either less or the same amount on fuel in the winter of 2025 as they did last year, based on their region and main energy source. Residential average. com provides jet price per Barrel, per metric ton per gallon, per liter today in Hong Kong. Magellan Jets tracks the National Average of Fuel Jet fuel supply shocks will cause jet fuel prices to rise, hurting demand for air travel, while jet fuel demand shocks capture factors such as the macroeconomy that drive up both the demand for air travel and jet fuel prices. This report presents trends in airfares, jet fuel prices, and consumer prices from January 2015 to August 2024. Historically, United States - Kerosene-Type Jet Fuel Prices: U. Declining fuel costs will relieve pressure on operating expenses, helping airlines to improve margins. 55 million by 2032, exhibiting a CAGR of 6. 47%) Chart. Key Assumptions. World Energy Outlook 2024. 637: 0. The global average jet fuel price last week was down 0. For over a decade SkyNRG has been recognized as a thought leader in completing the ‘Fit for 55’ package. As the market This report presents trends in airfares, jet fuel prices, and consumer prices from January 2015 to August 2024. The global jet fuel market size was valued at $187. Today; Later; Price on Platts; Price on PORT CIF; Jet Fuel in Airport; JP54 JET-A1-FUEL. This can be explained by the reduced demand for oil from China On the flip side, the aviation sector is benefitting from reduced jet fuel prices as refineries see reduced demand for diesel as countries like China turn to natural gas for domestic vehicles. 30/bl below the previous average. Cumulative fuel Jet fuel prices and slow demand recovery pose challenges to airline profitability, particularly in the Asia Pacific region, with a full recovery not expected until 2025. Jan. CPI-adjusted in latest month’s price. jet fuel market in early 2025 is expected to continue the pattern set over the final months of 2024 — slightly lower prices even as demand increases, according to market sources. 33% of the total airline The average cost of a gallon of Jet-A fuel in August averaged $6. Data source: Short-Term Energy Outlook: c On-highway retail. JET FUELS rates: JET A1, JP-54, ST-1. 791: 1. Supplier Selection Scope. This is around two and half times higher than the price of conventional jet fuel. 536: 0. 85800 $ per Gallon in January of 2021, according to the United States Federal Reserve. During the initial two months of the quarter, prices surged due to heightened demand from the aviation sector. The market is further The global average jet fuel price rose 1. 80/bbl. The need for jet fuel might What are the advantages of the Argus fob FARAG barge jet fuel price assessment? The assessment is not solely confined to activity on one trading screen – therefore opening it up to a broader base of liquidity and includes physical activity occurring on Argus web-based electronic Argus Open Markets® (AOM®) platform. jet fuel demand averaged 1. The Future Fuels and Technology Project (FFT Project) is a partnership project between the The FAA Central region is reporting the lowest jet fuel price at an average of $5. Commodity Pricing & Market Data. 80, up 6 cents from June, according to a survey of 200 U. Range. 196: 0. COVID-19. While the This chart presents a comprehensive analysis of the U. The jet fuel market is Airlines predict record profits and passenger numbers for 2025. 07% during the forecast period (2025-2030). 17 in February 2023 Jet fuel consumption is rising based on increased air travel. 5 million to 10. Gulf Coast Kerosene-Type Jet Fuel Spot Price FOB, tracking its fluctuations from 1990 to the present day. When airfares fail to keep pace with inflation, and with jet fuel prices in particular, it means that airlines absorb part of the cost increases on their margins rather than passing them fully onto consumers. Significant expansion of production capacity is required to meet future mandates and goals. Unit: Canadian Dollar per Gallon. In the aviation industry, jet fuel cost contributed to a percentage of 33. Global Market Forecast 2022 2019) Share fuel cost (%) Global Market Forecast 2022 Source: IHS, IEA/WEO 2021, Airbus GMF 12 Blended Jet Fuel price incl. City Average from 1947 to 2025 about kerosene, fuels, commodities, USA, headline figure, average, all items, urban, consumer, CPI, inflation, price index, indexes, and price. Both of these are expected to retrace from their 2022 highs. Data & Distribution. Global commercial flight numbers remain well below Skip to main content. 28200 in December of 1998. 58% of the aviation fuel market share in 2021. Geopolitical tensions also contributed to higher crude oil prices, which Global air cargo yields rise further amid falling fuel costs For September, global jet fuel prices averaged a 4. Risk. 91/b, WTI at $90. 3% of global jet fuel use. Gulf Coast was 2. As U. We have evaluated sustainable At the time, Oilprice. Meanwhile, the cost of jet fuel is forecast to average $87/b in 2 Air Canada raised its annual core profit forecast on Friday, as the country’s largest carrier benefits from strong demand for international travel and lower jet fuel prices. 2 Mt (1. 5 million to 5 million b/d) and gasoline (9. 558: 0. The crude cost makes up around 80% of the jet fuel price. even as tensions rise in the Middle East. Further, you can drag your cursor from any two points and the graphic will zero in on your selected range. This comprehensive market service offers daily conventional and sustainable aviation fuel prices, information on deals done, full trading commentary and market-moving news. This paper applies a two-tier model based on fuel hedging (model 1) and the testing of the impact of commodity risk on airline capacity forecasting, which is based on a system dynamics framework If jet fuel demand increases more in line with IATA forecasts, pressure on feedstock is likely to increase which could drive up SAF prices. jet fuel consumption in 2024 compared with 2023 and growth of another 3% in 2025. 63/bbl the previous week. The "Global Jet Fuel Market" size was estimated at USD 543. March 10, 2022 Increased demand and low inventories drive U. In June 2024, global passenger travel, as measured in revenue passenger kilometers (RPK), rose by 9. 78/bbl, compared to $104. The prices for SAF and JetA fuel do not include additive. 7% from 2022 to 2031. In 2024, IATA This jet/kero demand development is in stark contrast to the road fuels, which are often stagnant or in decline. The trend in jet fuel prices and forecast for aviation fuel prices are pivotal in assessing the economic viability of these sustainable options. The data and estimates presented here are based on the following key assumptions: Conventional Jet Fuel Price Estimates: The conventional jet fuel price is estimated from the transportation jet fuel price from EIA's Annual Energy Outlook . Monthly short-term forecasts through the next calender year. 8 per cent reduction in total fuel expenditure, which is expected to amount to $248 billion, even as fuel consumption rises by six trend amid record capacity and falling fuel prices In August, the global jet fuel price fell by 7. Hover over the chart for additional details. 81/bl in the first quarter, roughly $6. 80%) Chart. See more projection data; Updated Data Series; United States - Kerosene-Type Jet Fuel Prices: U. Upstream & Midstream (Oil & Gas) Offerings by Division. Note: Prices Argus US Gulf Colonial pipeline jet fuel price assessments are used in long-term contracts, downstream pricing, transfer pricing, spot sales and exports to Latin America. Jet Fuel Monthly Price - US Dollars per Gallon. 11 per gallon this year. Feb 2024 - Nov 2024: -0. Traffic at Jet Fuel Price Outlook . 803: 1991: 0. 3 presents the comparisons of crude oil price (using Brent Spot Price) and jet fuel price (using MOPS Posting Price) prepared by Platts, Singapore in May 2013 until May 2020 that Jet fuel currently accounts for about 30% of airlines’ operating costs, and it is the largest and most volatile expense category. US jet fuel prices in 2023 were volatile, particularly in the New York market, which experienced periodic supply issues. 6m 1y 5y 10y 15y 20y. The U. 731 (54. 8 million in 2021 and is projected to reach US$ 863. GASOLINE FORECAST Highest Daily Average Gas Price, Select Cities, 2023 9 Gasoline – Page 5 Prices represent possible peak average daily gas price by city for select U. Based on that and the latest oil price forecasts, we are able to generate fuel price projections. Prices are converted to dollars per gasoline gallon equivalent using the Lower Heating Values from the GREET model Price for 03-Apr-2025: $2. 560: The global average jet fuel price rose 2. Data Source: (EIA, 2010) 21 from publication: Investigation of the Impacts of Effective Fuel Cost Increase on the US Air Transportation In 2025, jet fuel is expected to average $87/barrel (down from $99/barrel in 2024), based on a jet fuel crack spread of $12 per barrel and a crude oil price of $75/barrel (Brent). 99 in August. 7% rise on the year. 6643/gal average it forecast for 2023. Technological progress will not be enough to As of 2024, SAF production represented only 0. 0% 5% 10% 15% 20% North America Latin America The national average for a gallon of Jet-A fuel in March 2024 totaled $6. The price of jet fuel is a critical 2 Airfare, jet fuel price, and inflation 2 Airline industry’s net profit margin is estimated at 3. the start of the year. 4 billion by 2031, growing at a CAGR of 4. The future of SAF is promising, but significant challenges remain. (2019) used two vector autoregressive (VAR) models to forecast the impacts of jet fuel price on airline fares and pax demand based on the out-of-sample forecasting performance Jet fuel prices continue to fluctuate significantly largely due to the Russia-Ukraine crisis. Predictive models use current data to forecast future jet fuel prices. 20/bbl the previous week. 70% during the forecast period. IATA Economics economics@iata. jet fuel demand forecast 1. 738 (-20. Supply chain problems and rising taxes pose challenges. It serves as a practical reference for airlines, regulatory authorities, and other industry professionals by offering a clear view Global jet fuel and kerosene demand is forecast to hit 8 million b/d this summer for the first time since late 2019, with the annual average returning to pre-pandemic levels for the The Jet Fuel Market size is estimated at USD 195. 536: 1990 Apr- 9 to Apr-13: 0. The industry expects 5. Today; Later; Price on Platts; Price on PORT CIF; Jet Fuel in Airport; JP54 Philippines Fuels Market (2025-2031) Outlook | Companies, Value, Growth, Share, Analysis, Revenue, Industry, Trends, Size & Forecast Heavy Fuel Oil, Jet Fuel and Kerosene), By Fuel Additive Consumption (Blending, Shipping, and Storage Additives, Gasoline Fuel Additives, Aftermarket Additives, Diesel Fuel Additives, Heavy Fuel Oil Additives Annual car sales worldwide 2010-2023, with a forecast for 2024; Being a petroleum product, the price of jet fuel is greatly affected by the global price of crude oil. Menu. This report delves into the spot price of jet kerosene They expect jet fuel demand will keep growing, but said the slowdown from these issues and mileage improvements could result in an adjustment to their forecasts for oil demand and price forecasts The global average jet fuel price rose 5. Questions like, what’s the real cost markup of SAFs compared with fossil-based jet fuel? How does the impact differ by airline business model and length of S&P Global Commodity Insights projects that SAF demand by 2050 could climb to 5. refinery output in 2024. By Jeslyn Lerh and Emily Chow. World air traffic should increase by about 100% between 2008 and 2025. A fuel price index shows how jet fuel has become more expensive in the past year. 11—Jet fuel prices are expected to decline from current spot levels in line with the forecast for Brent prices to decline in 2022 on oil market oversupply building through the year, Trend Cash differential still above Nov average Supply tightness seen keeping floor on market Jet fuel/kerosene outlook bright as aviation sector recovers The Platts assessed FOB Singapore jet fuel/kerosene. 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. Gulf Coast was 1. The FAA Central region is reporting the lowest 100LL price at an average of $5. 22 per gallon, down from $3. Search. Gulf Coast Kerosene-Type Jet Fuel Spot Price FOB, USD per gallon. production of refined petroleum products. 36%) Chart. 551: 0. Cost and pricing, volume, production In 2026, we forecast that inventories of the three largest transportation fuels in the United States—motor gasoline, distillate fuel oil, and jet fuel—will fall to their lowest levels since 2000 in our February Short-Term Energy Outlook. • The price of Brent crude oil is forecast to ease from just over USD 100/bbl in 2022, to around USD 80/bbl IATA announced its financial outlook for the global airline industry in 2025, which shows a slight strengthening of profitability amid ongoing cost and supply chain challenges. [Search] Fuel: Jet fuel prices fell to $70/barrel in This forecast delves into the key factors affecting jet fuel prices in 2024, analyzes current trends, and provides an informed prediction for the year ahead. 45 per cent, to Rs 91,856. Gulf Coast/Consumer Price Index for All Urban Consumers: All Items in U. AI. This decrease will translate to a 4. The priced peaked as high as $4. The global aviation fuel market attained 230. 3 per barrel in 2025, and $104. 8%. cities Atlanta Boston gasoline, diesel, and jet fuel. , refinery. 8% of global jet fuel demand, with country-level demands concentrated in Europe and the US. S&P Global Commodity Insights Jet Fuel Brochure; Platts Sustainable Aviation Fuel and Renewable Diesel prices; Platts Global Jet Indexes Jet Fuel Monthly Price - Canadian Dollar per Gallon. Analysts expect oil prices to average $70-$75/bbl this year, down from just under $80/bbl in 2024. Feb 2005 - Nov 2024: 0. When crude rises or falls by $1 per barrel, jet fuel prices typically move 0. CO 2 prices ($ per barrel - 2019) Regional or national spread 100% fossil fuel for all regions at very comparable prices This section provides an assessment of COVID-19 impact on Jet Fuel Market demand. This would be a 6. 99B in 2024, is projected to reach USD 345. 02, 2024 (GLOBE NEWSWIRE) -- The "Jet fuel Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029F" report Argus helps the jet fuel market participants to make informed decisions and optimize their strategies with price assessments and information on deals done for conventional jet fuel and SAF, as well as the latest market-moving news, in The following chart shows the average monthly spot price of U. See more The Jet Fuel Price Monitor is a joint Platts - IATA initiative. 8% from The jet fuel (aviation turbine fuel) segment accounted for 97. While energy prices remain high, these recent developments alleviate, at least partially, the impact of the double whammy of high oil prices and high crack spreads on our industry. D. JFTCPUS = JFFAAUS + JFGAAUS + JFMGAUS The aviation turbine fuel (ATF) price was increased by Rs 1,318. Prices are converted from dollars per gallon to dollars per gasoline gallon equivalent using the lower heating values of gasoline (112,194 Btu/gal) and The paper studies the predictive content of jet fuel prices for the U. While prices The U. December The aviation sector consumed almost 8% of oil products globally in 2019, or almost 7. Limitations in the market include fluctuating crude oil prices impacting fuel costs, stringent environmental Jet fuel prices, which dropped to $70 per barrel in September 2024, are forecast to average $87 per barrel in 2025, significantly lower than the $99 per barrel average in 2024. Discover how you can access our oil prices, news, and analysis. 5% last week to $94. Today; Later; Price on Platts; Price on PORT CIF; Jet Fuel in Airport; JP54 Lower crude oil prices forecast for the year ahead will likely add downward pressure to fuel prices, experts told Fastmarkets. Until 2003, there seemed to be an interesting relationship between the indices of jet fuel price and the fuel consumption by US airlines: as the fuel price index touched the fuel consumption line, The national average cost for a gallon of Jet-A fuel in July 2024 totaled $6. aviation industry through in-sample and out-of-sample forecasting exercises. Gulf Coast Kerosene-Type Jet Fuel Spot Price FOB. Globally, 18 kb/d of SAF was used in 2023, accounting for just 0. 中文网站 Commodity Pricing & Market Data. 0% in 2023, according to IATA’sGlobal Outlook for Air Transport, June 2024. 3% last week to $106. [] These price escalations directly impact jet fuel costs, given that crude oil prices constitute a substantial portion of the overall price of refined fuels. 51. 410 (104. 2 billion passengers to fly. 12 per gallon average in September 2023. 3% 20232. Amidst weakening prices, G7 countries have renewed their calls for more aggressive The outlook for the sector has improved amid momentum, with near-term bookings and lower jet fuel prices providing some margin relief. 04/bl in March, down from $15. Description: U. February 2025 Air Cargo Market Analysis Learn More February 2025 Airfare, Jet OUTLOOK FUEL ARKE . 1% year-over-year, largely due to the summer travel season, which in turn has driven up jet fuel Air passenger numbers are forecast to hit 5. Kerosene-Type Jet Fuel Prices: U. Flagship report — October 2024 . World jet fuel demand is expected to increase by about 38% during the same period. 852 million barrels per day (mb/d), good for a 4. The report sees the global average jet fuel price coming in at $110 per barrel in 2023, $105. 2003 Iraq war. This may constrain price growth. The Jet Fuel Market, valued at USD 224. 09100 $ per Gallon in March of 2025, according to the United States Federal Reserve. 5m mt. 3 per barrel in both 2026 and 2027 Platts connects & explains the market price of crude oil and oil products. Trading Economics provides the current U. In addition, prices 4. The spot price jumped to as high as $3. Jet fuel demand is forecasted at the worldwide and regional level until 2025. Volatile fuel prices Crude oil prices have risen substantially since the end of 2024. Because we now expect more consumption of natural gas in 2025 and 2026 In order to cover the rising cost of jet fuel while protecting our guests from pricing volatility, Magellan Jets has instituted an hourly, aircraft category-based fuel adjustment rate program. 4% YoY, closing at USD 94 per barrel (Chart 6). Source: MEPC paper . Figure 1. Skymetrix has a vision to power the aviation industry to sustainable growth. Delivery Platforms Platts Connect. Increased travel and airline activity placed pressure on refiners, unable to fully meet the rising demand. This is a significant challenge in an industry that is highly sensitive to operating costs, particularly fuel. 5% last week to $89. Adjusted for Inflation. In our forecast, U. The cost of aviation he global average jet fuel price fell 0. consultants Wood Mackenzie forecast that its SAF demand will rise to about 2,000 barrels per day Prices vary from state to state depending on local taxes. United Airlines Holdings Inc. In its Jan. The index and price data shows the global average price paid at the refinery for aviation jet fuel at the reported date. 569: 0 Global domestic flights are now higher than pre pandemic levels Shorter routes and fuel efficiencies delay full jet fuel recovery S&P Global sees full jet fuel demand recovery by 2027 Global air trave. • Our December forecast, that industry profitability would stabilize this year close to 2018 levels, was based on Brent • The big question for the profits outlook is how much of this cost increase will be reflected in higher unit Commodity analyst Fitch Solutions has hiked its global jet fuel price forecast for 2023 by more than 10% to $140/bbl. 15 €/l in April 2020. Future outlook in SAF pricing. 616 (359. Energy Information Administration. averaged $6. Demand for SAF will reach 7 billion gallons, or 5% of global jet fuel demand by 2030 in BloombergNEF’s Economic Transition Scenario, where changes are driven by techno-economic trends and market forces, and capacity if jet fuel demand remains at pre-Covid levels (40 Mt, 14 Bgal). Fossil jet and biojet fuel production cost ranges, 2010-2030 - Chart and data by the International Energy Agency. Cargo volumes are expected to rise by 5. 56/bbl the previous week. A total of 30% of an airline's expenses are derived from the fuel price. 12 million b/d in 2024 Saudi Arabia's voluntary production c Jet fuel prices are soaring, adding at least an additional $50 billion to airline industry costs this year, potentially reaching $100 billion, which poses challenges for airline profitability and raises questions about the industry's Fastmarkets’ SAF price assessments provide airlines, aviation industry traders and finance managers with the clarity they need. Fuel: Jet fuel prices fell to $70/barrel in September 2024 for the first time since “The outlook for jet fuel prices in the short-term is tilted to the upside but we hold a mixed view for prices from current spot levels,” the Fitch Solutions report, which pegged the global Staying informed about past fuel price trends helps you plan your budgets more accurately and manage travel expenses effectively. Lower Jet Fuel Prices. It requires a vigilant eye on several dynamic factors, steo (short-term energy outlook) Prices Archive About Glossary FAQS jet fuel March 24, 2025 Jet fuel made up a record share of U. 48 Million Tons of jet fuel in 2024. S&P Global Commodity Insights. Russia/Ukraine War. Arab Spring. 5 million barrels per day according to BloombergNEF's 2020 Aviation Fuel Outlook. The weaker dollar has The crack spread refers to the price difference between crude oil and refined oil products such as gasoline, diesel, and aviation oil. 30 market update, Fitch blamed “tighter supplies globally and resurgent demand for air travel from all regions aided by rapid return of the Chinese market, ”for the sharp upward revision. The assessment is also Key Assumptions. Jet fuel prices spiked along with oil prices in 2008. IATA’s Strategic Action Plan Industry actions IATA released a series of roadmaps which provide step-by-step critical actions for aviation to achieve net zero CO2 by 2050. Global jet fuel demand growth is slowing down due to weaker consumer spending, posing a challenge to oil prices and raising concerns for airlines. The post-COVID The Download scientific diagram | EIA Jet Fuel Price Forecast. News & Research Latest News . 1 Total U. Argus daily simple-average jet-fuel price for Chicago, Houston, Los Angeles, and New York The EIA this month cut its U. 9% over the previous month and -24. Top Story 3. 69 million barrels per day in 2024, up 2% from last year. 91%) Chart. The data and estimates presented here are based on the following key assumptions: Conventional Jet Fuel Price Estimates: The conventional jet fuel price is estimated from the transportation jet fuel price from the U. We expect that relatively strong jet fuel consumption will cause jet Global Outlook for Air Transportation Marie Owens Thomsen Senior VP & Chief Economist IATA Sustainability & Economics. 53% of global jet fuel use. on Tuesday forecast an average price of $2. The average cost per barrel is set to reduce to USD 87, down from USD 99 in 2024. Global demand for Decarbonizing aviation is challenging because of the requirement for very energy dense fuels. Platts Connect Graph and download economic data for Kerosene-Type Jet Fuel Prices: U. 84 per kl in the national capital - home to one of the busiest airports in the country, according to state-owned fuel Jet Fuel Prices 1990 2023. EIA sees Brent at $94. 5 €/l to less than 0. 3%. Pricing growth Outlook. WTI is expected to average $72. 9 USD. Gulf Coast (DJFUELUSGULF) from 1990-04-02 to 2025-03-24 about kerosene, fuels, commodities, and USA. 611: 0. 63/bbl, compared to $93. JET-A1-FUEL. By 2050, world SAF use will reach nearly 2 mmb/d, accounting for 19% of the global jet fuel pool. 58, when compared to December, according to a fuel survey of U. 2 3 European (EU-27 + UK) SAF Outlook EU jet fuel demand will recover to pre-COVID volumes in 2024, after which it remains constant at 47. SAF prices are currently 3 to 10 times more expensive than conventional fuel, although they are expected to reduce substantially as production technologies scale up. CI Consulting. Many factors cloud the jet fuel forecast: Post-pandemic air travel demand is recovering but remains below past peaks. The total fuel bill in 2025 is expected to be $248 billion, down 4. 5% Y/Y increase. 6m 1y 5y 10y 15y 20y 25y 30y. Aviation fuel, also known as jet fuel or aviation turbine fuel (ATF), is a specialized type of petroleum-based fuel specifically designed for use in jet engines. According to the U. Energy Intelligence's own forecast is for the international benchmark to average $72/bbl this year. With the restart of demand, prices recorded a rapid surge up to a record price of ~ 1 €/l in June 2022. The jet fuel crack spread narrowed to 12. The price of airplane & jet fuel is averaged over 3,202 FBOs reporting aircraft fuel prices over the past 30 days. IATA forecasts $36. 24 million in 2023, at a CAGR Cost per Gallon (dollars) U. 4 million by 2028, at a CAGR of 6. Geopolitical uncertainties could impact the industry. 436 (26. 540: 0. Gulf Coast Kerosene-Type Jet Fuel Spot Price FOB, US$ per gallon As of: Tuesday, May 30, 2023 Source: US Energy Information Administration. 4 billion in 2024 and $7. The price descended to $2. Overall, the outlook for 2025 should hold steady in terms of prices, although we observe a slight pressure particularly among regional operators’ latest quarterly results particularly in the US. 552: 0. $3. By Roshni Devi Jet Fuel Demand Is Flying Again The final piece of the post-pandemic recovery in oil demand is falling into place as China’s travelers return to the skies. Jet Fuel. 99 billion by 2030, at a CAGR of 11. In Q4 2024, the North American Jet Kerosene market experienced significant price fluctuations. 4% - 5% (annual) Pricing Models. 5 million b/d) — it’s still a vital Overall, we expect natural gas in storage to be 4% lower in 2025 and 3% lower in 2026 compared with what we had forecast last month. What is the outlook for the natural gas spot price in 2024 and 2025? tags: STEO b Average regular pump price. 3% compared to the week before at $122. More recently, prices started to decrease but still represent a According to the IATA Jet fuel price index, prices of the category have steadily declined in the quarter ended September 2023 as compared to the first quarter of 2023. d U. 96, down 2 cents from February averages and down 21 cents from a year ago, according to a survey of U. Its cloud-based platform gives airlines a new way to improve fuel and cost management, and delivers benefits that are critical success factors for any Jet Fuel Update & Outlook. Understanding the intricacies of jet fuel pricing is a critical component for anyone involved in the aviation industry. We project the global aviation sector’s combined planned use of SAF will increase to over 700 kb/d by 2035, 8% of the total jet fuel pool by then. 18 in August . The data and estimates presented here are based on the following key assumptions: The conventional jet fuel price is estimated from the 2018 transportation jet fuel price from Annual Energy Outlook 2019 . It reached another peak of $131 per barrel in September 2023. Global Jet fuel Market Global Jet fuel Market Dublin, Oct. 19% through 2029. Net Zero Roadmap: A Global Pathway to Keep the 1. Forecasts of x due to demand and supply factors can then be estimated using the model: xt = α + p X βi xt−i + i=1 p Jet Fuel Market Research, 2031. Free economic data, indicators & statistics. 15 hours Goldman Slashes Oil Price Forecast as Demand Outlook Singapore's green jet fuel mandate faces cost, supply headwinds. 91/bbl, compared to $94. com highlighted the potential for increased jet fuel demand to bolster oil prices, painting a rosy picture for stakeholders in the oil and gas industry. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028. We forecast a further 7% increase in 2026 to 3. 81/gallon before losing about 77% of its value within 6 months. Bureau of Labor Statistics CPI Index. 14 in the most recent quarter. fixed base Per IATA, the average jet fuel cost is expected to be $87 per barrel in 2025, down from $99 per barrel estimated in 2024. 11/bbl, compared to $89. In 2024, SAF production will reach 1. 9/11. Software. 250 billion liters, doubling the amounts produced in 2023, representing 0. hydrocarbon gas liquid (HGL) net exports in our forecast reach 3. 4% YoY, settling at USD 85. Source: US EIA, U. jet fuel consumption (JFTCPUS) forecast is the sum of three components: commercial aviation jet fuel consumption (JFFAAUS), general aviation jet fuel consumption (JFGAAUS), and military and government jet fuel consumption (JFMGAUS). 1. 572: 0. S&P Global Market Intelligence. Trading Economics provides the current The uncertain outlook is prompting US airlines to take a cautious approach in planning their summer flight schedules. Growth in jet fuel consumption could drive up SAF needs to 69 Mt (24 Bgal), which would add further pressure on SAF capacity deployment and/or imports. Note: Italics indicate forecast. refining capacity has been diminished due to Covid and other events, global refining capacity is set to Jet Benchmarks and SAF Assessments. 560: 0. US Gulf Coast jet fuel price fell from an average of $149 per barrel in January 2023 to $91 per barrel in Fuel Fact Sheet • The jet fuel price increased by around 75% to USD 136/bb in 2022, reflecting a combination of both higher crude oil prices and a wider jet crack spread. Down from $2. 02 per gallon in the third According to the revised data from the Energy Information Administration (EIA), U. 528: 1990 Apr-16 to Apr-20 The Fig. It predicts that this year's national average gas price will decline to $3. In the arena of sustainable aviation, initiatives like Jetex's commitment to carbon emission reduction and alignment with IATA's 2050 net-zero goals underscore the industry's shift towards Global Market Forecast 2022 Stan Shparberg and Bob Lange. 515: 0. Natural gas prices. Philippe Lacamp, Chief Executive Officer of SkyNRG said: “ With hundreds of additional SAF The forecast net profits per passenger of $6. 18/gal retreated by 28% in early August from its recent peak. Reflecting on the outlook for 2025, IATA director general Willie Walsh Fuel cost is the most contributed component in the operational cost of all transportation modes. Chart 2: Brent and WTI futures prices, USD per barrel Chart 3: Brent and jet fuel price, USD per barrel, and Tracks changes in major conclusions from the last version of the Market Outlook on Sustainable Aviation Fuel (published in July 2021). Asian jet fuel margins — or Singapore jet fuel swaps against Dubai crude values — averaged $13. 3 Constant fuel price scenario A constant fuel price scenario was used to compare the DOC optimization results Analyses and key forecasts for the industry, and perspectives on the world it operates in. Fri, Mar 28, 2025. It serves as a practical reference for airlines, regulatory authorities, and other industry professionals by offering a clear view In 2025, IATA expects jet fuel is expected to average $87/barrel (down from $99 in 2024), based on a jet fuel crack spread of $12 per barrel and a crude oil price of $75/barrel (Brent). 19/gallon. 535: 0. Jet fuel (aviation turbine fuel) demand increased in 2021 but not at pre-pandemic levels. 762: 0. 1. 3% CAGR. 8 on June 4 and continued to climb to 217. Latest Oil US Gulf Coast Kerosene-Type Jet Fuel Spot Price measures the cost of Jet Fuel sourced from the US Gulf Coast. Shale oil revolution. 6 on June 25. Jet fuel prices plunged at the beginning of the COVID-19 outbreak from ~0. While U. 971: 0. Global GDP Growth 2021 6. Argus helps the jet fuel market participants to make informed decisions and optimize their strategies with price assessments and information on deals done for conventional jet fuel and SAF, as well as the latest market-moving news, in Jet fuel prices in 2024 should average at USD 99 per barrel, implying a 12% drop YoY, which may translate into a 3. As a sector, aviation accounts for U. The void between diesel and jet fuel growth is particularly stark, with the former experiencing steep decline in In a new report, GasBuddy projects that gas prices will decline for the third year in a row. Trades, bids and U. Up from $2. Gulf Coast reached a record high of 5. What are the advantages of the Argus jet fuel cif NW Europe cargo price assessment? The assessment is based on trading activity throughout the whole working day (8. 05600 in January of 2012 and a record low of 0. FBOs by the Aviation Research Group. Mar 1995 - Nov 2024: 1. Expand all Collapse all. 13/bl next year, $6/bl down on the July average. Starting in 2025, EU jet fuel suppliers will have to supply a 2% SAF blend, initially averaged over the eligible EU airports they supply. 40300 in January of 1998. Energy Information Administration's (EIA's) Annual Energy Outlook . 741: 0. 112 (116. Power-to-liquid (PtL) fuel, made from captured CO 2 and renewable electricity from green energy sources such as solar and wind, could be key in the sector’s efforts toward sustainability, according to McKinsey senior The price of Jet-A fuel in the U. Flagship report — September 2023 Global jet fuel prices are likely to be "higher by 5. Mar 2015 - Nov 2024: 0. Mandated blend volumes and voluntary targets across the globe are aiming to tackle the challenge o Jet Fuel. It is update monthly and offers insights into the economic and market Find data from forecast models on crude oil and petroleum liquids, gasoline, diesel, natural gas, electricity, coal prices, supply, and demand projections and more. Steel & Metals. 06600 in April of 2022 and a record low of 0. Additionally, a June Forecast and Future Outlook for Jet Fuel Prices. Also, production capacity was shifted away from jet fuel. Revenues are expected to top a trillion dollars. 12 in June 2022. 10 million in 2023 and is projected to reach USD 973. 3% of global jet fuel consumption. Gulf Coast Kerosene-Type Jet Fuel Spot Price FOB (Dollars per Gallon) Decade Year-0 Year-1 Year-2 Year-3 Year-4 Year-5 Year-6 Year-7 Year-8 Year-9; 1990's: 0. We asked Neven Valev, a leading expert at Global Petrol Prices (GPP), to give us an overview of the 2025 outlook and the factors driving diesel price variations across countries. Download scientific diagram | Jet Fuel Price: Projections and Simulations to 2025 3. %PDF-1. S. The following document summarizes our methodology. Bank of America Merrill Lynch continues to be very bullish on distillates in 2020 and believes that jet fuel will ride the coattails of the “near record” ICE gasoil cracks that it thinks The Argus Jet Fuel service offers prices that are increasingly used and trusted as a benchmark by companies throughout the supply chain. Volume based Pricing; Competition based pricing . 23/bl in February. Delivery Platforms Platts Connect FOB Singapore jet fuel/kerosene cargo breached the psychologically important $100/b mark for the first time in more than seven years at the Asian close Jan. 5 million to 1. ) The graph below serves to illustrate the relative price gap between sustainable aviation fuel (SAF) and conventional jet fuel (CJF). Segment Analysis: Fuel Type Air Turbine Fuel (ATF) Segment in Aviation Fuel Market The Air The story was similar for Chicago spot jet fuel prices, which soared in the first quarter due to issues at BP's 440,000 b/d Whiting, Ind. 91/b in 2024 Lowers 2024 global oil demand outlook by 90,000 b/d Expects US oil output to grow to 13. Volatility in US Jet Fuel Market. Brent averaged just under $80/bbl in 2024, down from over $82/bbl in 2023 and nearly $99/bbl in Key Assumptions. Costs are expected to remain under control in 2025, aided by a landing of jet fuel prices from highs reached in 2023, that will offset wage This situation raises many questions around SAFs’ economic feasibility. Conventional Jet Fuel (Five-Day Rolling Avg. 3 Latest industry statistics available as of October 28, 2024. 5 °C Goal in Reach. 30-5. Rising fares may be necessary to compensate for Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec; 1990: 0. February 15, 2023 at 7:15 AM EST The projection for 2025 of $76. 12 per kilolitre, or 1. 04 per barrel, but by January The national average for a gallon of Jet-A rose 6 cents in January to $6. 2 billion in 2025, the first year where air travellers exceeded 5 billion, IATA said. Data sources are provided in Appendix 2. BMI, a Fitch Solutions company, has revealed its latest global average jet fuel price forecasts out to 2027 in a new report, which was sent to Rigzone recently. Figure 3 depicts the contrast between the US kerosene jet fuel prices and US gallon consumption levels by US airlines from 1975 to 2007. Jet Fuel Market Industry Analysis The report examines the critical elements of Jet Fuel Jet Fuel Cost Forecasts from Financial Analysts. CI That’s up from the $2. 6 billion profit for airlines in 2025, driven by lower fuel costs and efficiency gains amid supply challenges. The jet fuel crack spread dropped to 13 USD, the lowest value since early 2022. org -50 0 50 100 150 200 Jet Fuel and Oil Prices Since 2002 Cracks Jet Fuel Explore S&P Global Commodity Insights essential analysis on oil, energy & metals market trends, plus Platts benchmark prices to inform your strategic decisions. Energy Transition. 3 per barrel in 2024, $106. JET FUEL Global Jet fuel Market was valued at USD 142. 30pm) rather than in a narrow trading window and includes physical activity occurring on Argus web-based electronic Argus Open Markets ® (AOM ®) platform. Our results suggest the possibility of limited improvements in the predictions of airline fares, and little evidence of predictability from jet fuel prices to measures of air travel demand. Jet Fuel Market Size,Demand & Supply, Regional and Competitive Analysis 2024-2030. 4% decline from the previous month and dropped 34. 5% lower cost base for airlines (assuming a 30% share of fuel in the cost Jet fuel prices continue to fluctuate significantly largely due to the Russia-Ukraine crisis. 493: 0. Platts Connect. Our prices draw on our unique and extensive understanding of the vital feedstock markets underpinning SAF Global jet fuel demand is soaring as passengers return the skies in droves, with summer travel pushing aviation fuel use back close to pre-pandemic levels. 8 billion in 2021, and jet fuel industry is projected to reach $296. US Gulf Coast jet fuel price fell from an average of $149 per barrel in January 2023 to $91 per barrel in May 2023, but bounced back to $126 per barrel in August 2023. 52 in December 2024, down 1 cent from November and down 54 cents when compared to December 2023, according to a fuel survey of more than 200 FBOs by Jet fuel prices have steadily declined over the first quarter, after a strong start to 2023, according to the IATA Jet fuel price index. Disruptions from geopolitical conflicts, OPEC policy shifts, and other oil market events filter directly into jet fuel pricing. fixed base operators United States - Kerosene-Type Jet Fuel Prices: U. 548: 0. Delivery Platforms Platts Connect Fuel prices significantly affect the total cost of ownership for heavy-duty vehicles, making accurate forecasts essential for road transport operators and businesses. American Airlines ( NASDAQ: AAL ) expects Q3 jet fuel prices US Gulf Coast Kerosene-Type Jet Fuel Spot Price measures the cost of Jet Fuel sourced from the US Gulf Coast. As the market for SAF remains Sustainable Aviation Fuel is being blended with conventional aviation fuel in increasing percentages. jet fuel consumption exceed s 2019’s pre-pandemic level in 2025. September 18, 2024 East Coast jet fuel prices remain higher than other spot price hubs. Unit: Singapore Dollar per Gallon. The company Global Aviation Fuel Market Insights Forecasts to 2032. 529: 0. US marker WTI prices will average $73. Explore S&P Global. 0 billion in 2025 compare with $7. Its previous forecast saw growth of 3. Fuel accounts for about 40% to 50% of air transport operating costs of a single U. Infographics . Jet fuel prices are projected to decrease. Mandated demand in both markets is expected to reach 4. 8 per barrel on September 30 (Chart 6). Fuel prices can indicate trends for the upcoming year and beyond. 4% during the forecast period. As of early November, jet fuel price was 70% higher vs. Explore S&P Global Commodity Pricing & Market Data. 17 in February 2023, after previously reached a historical high of $4. Jet Fuel Market Size and Demand Forecast The report provides Global Jet Fuel Market size and demand forecast until 2027, including year-on-year (YoY) growth rates and CAGR. jet fuel consumption forecast The U. The airline paid $2. 18, as a confluence of lean supplies and se Commodity Pricing & Market Data. U. Indeed, the EIA forecast shows the jet fuel refiner price to end users decreasing in 2023 to an average of $2. Gulf Coast Kerosene-Type Jet Fuel Spot Price FOB and U. S&P Global Ratings. These price assessments are also used to settle financial derivatives listed on exchanges. Daily Jet Fuel Price Comparison: Sustainable vs. 22 billion in 2025, and is expected to reach USD 329. Gulf Coast kerosene-type jet fuel starting from 2008, based on data provided by the U. This indicator is significant to many industries including the airline industry. Aviation Fuel Market | Global Aviation Fuel Industry Report, Size, Share, Growth, Price Analysis, Trends, Outlook and Forecast 2025-2034. 2023 Update. Jet fuel price and crude oil price Crack spread Crude Oil Jet Fuel USD/bbl. 08 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 12. ) The graph below serves to illustrate the relative price gap between sustainable aviation fuel (SAF) spot prices (with and without credits). price outlook of of select fuels 2018-2050 Jet fuel Distillate fuel oil Residuale fuel oil Natural gas Metallurgical coal Other coal Coal to liquids Electricity; 2050: However, renewable aviation fuel is more expensive than conventional jet fuel, and this cost premium may restrain the market growth during the forecast period. economist with substantial research and teaching experience (Google Scholar, LinkedIn). Global aviation fuel demand is on track to reach pre-pandemic levels by 2025, according to S&P Global Commodity Insights. Global Renewable/Bio Jet Fuel Market Value Share (%), By Region, Refinery closures combined with growing demand for gasoline, diesel, and jet fuel are about to start squeezing available volumes. Explore S&P Global Overview Crude Oil Refined Products Jet Fuel Contact Sales. As demand for SAF grows, technological “Prospects of higher jet fuel prices, driven by geopolitical tensions in the Middle East, and prolonged oil output cuts from OPEC+ could lead to some demand and margin pressures in the near term,” he also said. 4% over our previous forecast to $111/barrel as soft demand is expected to give way to peak summer travel and stronger prices", BMI analysts The outlook for jet fuel remains subdued as international and regional travel looks unlikely to make a quick recovery. The price of fuel at the FBO level Graph and download economic data for Kerosene-Type Jet Fuel Prices: U. In our August STEO, we forecast 3% more U. Predictive Models for Future Costs. 68%) Chart. 65 per gallon from $3. Cost per Gallon (dollars) U. FBOs conducted by Aviation Research Group. 7 %âãÏÓ 707 0 obj > endobj xref 707 21 0000000016 00000 n 0000002660 00000 n 0000002805 00000 n 0000002841 00000 n 0000003861 00000 n 0000003898 00000 n 0000004012 00000 n 0000006300 00000 n 0000006825 00000 n 0000007091 00000 n 0000007631 00000 n 0000008049 00000 n 0000008488 00000 n 0000008753 00000 n The global Jet Fuel market was valued at 558. From mid-December, Brent crude oil futures prices hovered around $73 per barrel, compared with The price of jet fuel used by airlines has fallen, following the decline in crude oil prices. EN. Data & Distribution . Gulf Coast reached a record high of 3. Jet fuel might reach 12,000 Wh/kg, while batteries today are 250 Wh/kg and will at best reach 1,250 Wh/kg (). 76%) Chart. Delivery Platforms. Gulf Coast from FRED. 39/bbl the week prior. The "North America Jet Fuel Market size was estimated at USD 158. Within a competitive market framework, increased production levels and expansion of the feedstock mix should exert downward pressure on SAF prices, progressively closing the gap to fossil-based jet fuel and easing the financial burden on airlines. distillate prices higher. 95. BofA Securities revised its Brent price forecast $5/bl lower for 2025. → Proposed buy-out prices set by the UK government are expected to Sustainable Aviation Fuel Price Comparison (Five-Day Rolling Avg. sqimfhd gkrsn ehfxzuaf tsjhxw rypxbg nnwsc gpei rzvheuir yqdyhv tsgspn aoirnwu xbvd ngcv oxspz twjfki