Mercedes Mullins
The cost of fuel is a major expense for most drivers, with the average American driver spending approximately $3,000 per year on gas. Fuel costs can be calculated using factors such as distance, fuel efficiency, and the price of gas. While fuel prices fluctuate, jet fuel prices are available on specific websites, with prices quoted per barrel.
| Characteristics | Values |
|---|---|
| Jet Fuel Price in the Philippines | $86.4/bbl |
| Jet Fuel Price in the US | $88.3/bbl |
| Global Average Jet Fuel Price | $90.21/bbl |
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What You'll Learn
Jet fuel prices
The price of jet fuel, known as Jet A1, varies daily and is closely aligned with the price of oil. In May 2020, the price of Jet A1 was at its lowest due to the collapse in oil prices caused by the Covid-19 pandemic, at around $200 per metric tonne or $0.20 per kilogram. A year later, in May 2021, the price had almost doubled to $430 per metric tonne or about $0.43 per kilogram. As of January 2022, the price of Jet A1 was approximately $816 per metric tonne or $0.82 per kilogram.
The price of jet fuel also varies by region. For example, on 4 July 2025, the price of jet fuel in Canada was 88.3 bbl/$. On 7 July 2025, the price of jet fuel in the United States was also 88.3 bbl/$. In comparison, the global average jet fuel price for the week ending 3 June 2025 was $90.21/bbl, according to the Platts Jet Fuel Price Index.
The actual price airlines pay for jet fuel per kilogram is typically higher than the market price due to additional costs such as delivery and refuelling. The price may also vary depending on the contract details and hedging strategies employed by the airlines. For example, a Boeing 747-400 Jumbo Jet flying from London to New York burns approximately 70,000 kilograms of fuel, costing around £53,500 or $71,700. This works out to approximately £118 or $158 per passenger, based on 450 passengers. Filling an A380 aircraft with fuel costs approximately £205,000.
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Cost-saving measures
I could not find the current price of 1 bbl of fuel. However, I found some ways to save on fuel costs.
- Use fuel-efficient cars: Opting for a fuel-efficient car can save you money every time you fill up. For example, a small sedan costs about half as much to fuel as a large SUV.
- Carpool: Carpooling is a great way to save on fuel costs. It is much more efficient for two or more people to travel to a shared destination in a single vehicle than for each person to drive separately.
- Use public transportation: Public transportation such as buses, trains, and trolleys are often more fuel-efficient than individual cars.
- Walk or bike: Walking or biking is a fuel-free way to get around and can help you save on fuel costs.
- Plan your route: Using GPS route planners, you can easily calculate a straight route with the fewest stops and diversons, helping you save fuel.
- Maintain your car: Fixing serious maintenance problems, such as a faulty oxygen sensor, can improve your mileage by up to 40%. Ensuring your tires are inflated to the right levels can also reduce fuel consumption by up to 3%.
- Use the right motor oil: Using the manufacturer's recommended grade of motor oil can improve your gas mileage by 1-2%.
- Drive at a steady pace: Driving at a steady pace, avoiding hard acceleration and braking, can improve your mileage and extend the life of your engine, transmission, brakes, and tires.
- Buy good-quality gas: Using Top Tier gas can help keep your engine clean and improve performance.
- Skip the premium: Only use premium gas if it is "required" by your car. Many cars will work fine with mid-grade or regular gasoline.
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Fuel cost calculators
There are several ways to reduce fuel costs. Firstly, carpooling or using public transportation can significantly reduce fuel costs compared to driving separately. Additionally, driving a smaller car with a smaller engine can result in substantial fuel savings. Properly inflating your tires, using the manufacturer's recommended grade of motor oil, and driving at a steady speed on highways can also improve fuel efficiency.
Online fuel cost calculators, such as the one provided by the U.S. Department of Energy and the U.S. Environmental Protection Agency, allow users to personalize their vehicles' MPG and fuel prices and modify their routes to estimate fuel costs. These tools can help plan trips and make informed decisions about fuel usage.
While the cost of jet fuel is not directly related to the cost of fuel for personal vehicles, it is worth noting that the average jet fuel price per barrel can be used as an indicator of the global oil price, which influences retail fuel prices. Natural disasters, such as hurricanes or earthquakes, can impact oil refineries and subsequently drive up fuel costs.
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Average fuel costs
The cost of fuel depends on various factors, including the type of fuel, the location, and the date. For example, the cost of jet fuel will vary depending on the region and the date of purchase. As of June 11, 2025, the price of jet fuel in the Philippines was 86.4 USD per barrel. In contrast, jet fuel prices in the United States are not publicly available on Platts, but they were available on the website https://www.spglobal.com/platts/en/oil/refined-products/jetfuel as of July 7, 2025.
The cost of jet fuel is also reflected in the Jet Fuel Price Index, which provides weekly updates on the average prices paid at the refinery for aviation jet fuel. As of the week of June 1-3, 2025, the global average jet fuel price was $90.21 per barrel, representing a 0.5% increase compared to the previous week.
For road vehicles, fuel costs can be estimated using factors such as the distance travelled, the fuel efficiency of the car, and the price of gas. The average American driver spends approximately $3,000 per year on gas, according to the American Automobile Association. However, this cost can vary depending on individual driving habits and the fuel efficiency of their vehicle.
To aid in budgeting for fuel costs, various fuel cost calculators are available online. These calculators use fuel price and vehicle data to estimate the cost of a journey. For instance, the Fleet News fuel cost calculator for the UK allows users to input their mileage and vehicle mpg to calculate fuel costs. Similarly, the Fuel Cost Calculator by Calculator.net helps users estimate fuel costs based on factors such as distance, fuel efficiency, and gas prices.
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Fuel prices by region
Fuel prices can vary significantly depending on the region, influenced by factors such as local retail dynamics, competition between supermarkets, the presence of independent retailers, and distances from fuel terminals. Here is an overview of fuel prices by region:
North America
In the United States, the average driver spends approximately $3,000 per year on gasoline, according to the American Automobile Association. Fuel prices can vary across different states and even between towns that are in close proximity.
Europe
In the United Kingdom, fuel prices can fluctuate dramatically from region to region. Interestingly, fuel prices in rural areas can sometimes be lower than in urban locations due to local retail dynamics and competition between supermarkets. The RAC Fuel Watch provides insights into fuel pricing in the UK, helping motorists find the most affordable fuel options.
Global Perspective
On a global scale, the average jet fuel price per barrel can vary, with the Jet Fuel Price Index providing weekly updates on prices. For example, as of June 2025, the global average jet fuel price rose by 0.5% to $90.21/bbl.
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Frequently asked questions
As of 11.06.2025, the price of jet fuel per barrel in the Philippines is 86.4 bbl/$.
I couldn't find an exact price for 1 bbl of jet fuel in the US, but as of June 2025, the global average jet fuel price was $90.21/bbl.
This depends on the type of fuel and the region. The price of fuel can also fluctuate over time.
