Ameer Randolph
Jet A1, also known as aviation kerosene, is a widely used aviation fuel that enables aircraft to achieve maximum energy with minimal fuel load. Its price is closely tied to the volatile oil market, with the price per metric tonne doubling between January 2021 and January 2022, reaching approximately $816 per metric tonne or $0.82 per KG. The price per gallon varies across different regions, with the national average price for Sustainable Aviation Fuel (SAF) in the US being $8.72 per gallon, while the FAA Alaska region reports the highest average jet fuel price at $8.09 per gallon. The dynamic nature of fuel prices and regional variations make it essential to consult specialized websites for the most current and accurate information on Jet A1 fuel costs per gallon in specific locations.
| Characteristics | Values |
|---|---|
| Price as of January 2022 | $816 per metric tonne |
| Price per KG as of January 2022 | $0.82 or £0.61 |
| Price in May 2020 | $200 per metric tonne |
| Price per KG in May 2020 | $0.20 |
| Price in January 2021 | $430 per metric tonne |
| Price per KG in January 2021 | $0.43 |
| National average price for Sustainable Aviation Fuel (SAF) | $8.72 per gallon |
| FAA Alaska region jet fuel price | $8.09 |
| FAA Central region jet fuel price | $5.61 |
Explore related products
What You'll Learn
Jet A1 fuel cost per gallon in the US
Jet A1 is a widely used aviation fuel, commonly known as kerosene. It is favoured for its ability to enable aircraft to achieve maximum energy with a minimum fuel load. Jet A1 also boasts an exceptional heat output, increasing flight autonomy and cold resistance. Its thermal and storage stability further reduce the risks of fuel deterioration.
The price of Jet A1 fuel is closely aligned with the fluctuating price of oil, which varies daily. For instance, in May 2020, the price of Jet A1 was down 69% compared to the previous year. As of January 2022, the price of Jet A1 was approximately $816 per metric tonne, or $0.82 per KG. This price is around double what it was a year prior, where the price of Jet A1 was approximately $430 per metric tonne or about $0.43 per KG.
In the United States, Jet Fuel A was priced at an average of $4.81 per gallon in April 2021. This price is not fixed and fluctuates widely, ranging from $5 to $10 per gallon in recent years.
It is worth noting that the cost of aviation fuel is influenced by various factors, including the type of engine and the specific application. Additionally, the price quoted may not include delivery fees or refuelling charges, resulting in a higher overall cost for airlines.
Fuel for 200 Miles: How Much Gas Do I Need?
You may want to see also
Explore related products
Jet A1 fuel price fluctuations
Jet A1 fuel, also known as aviation kerosene, is a widely used aviation fuel. Its price is closely aligned with the price of oil, which varies daily. As such, the price of Jet A1 fuel can fluctuate significantly over time.
For example, in May 2020, the price of Jet A1 fuel was approximately $200 per metric tonne, or $0.20 per kilogram. This price was likely influenced by the COVID-19 pandemic, which caused a collapse in oil prices. By January 2021, the price had almost doubled to around $430 per metric tonne, or $0.43 per kilogram. Then, in January 2022, the price of Jet A1 fuel had increased to approximately $816 per metric tonne, or $0.82 per kilogram. This was about double the price from the previous year.
The price of Jet A1 fuel can also vary depending on the region and the demand for jet fuel in that area. For example, the price of Jet A1 fuel in the United States may differ from the price in other regions. Additionally, the price that airlines pay for Jet A1 fuel can be affected by hedging practices. Hedging involves agreeing on a constant price for fuel for a set period, regardless of market fluctuations. This helps airlines reduce risks and fixed costs, which is important for financial planning.
Overall, the price of Jet A1 fuel can be influenced by various factors, including oil prices, demand, region, and hedging practices. These factors can cause the price of Jet A1 fuel to fluctuate over time, impacting the cost of aviation fuel for commercial aircraft.
Fuel Prices Without Tax: A Costly Relief
You may want to see also
Explore related products
Jet A1 fuel cost compared to other aviation fuels
The price of Jet A1 fuel, a type of kerosene-based jet fuel used by many commercial planes, has fluctuated over the years, influenced by factors such as oil price and demand. As of January 2022, Jet A1 fuel was priced at approximately $816 per metric tonne, or $0.82 per kilogram, which is about double the price from a year prior.
Comparatively, Jet A fuel, another variety of jet fuel primarily used in the United States due to its ability to perform at extremely low temperatures, was priced at an average of $4.81 per gallon in the US as of April 15, 2021. This price can vary, with Jet A fuel costing anywhere between $5 and $10 per gallon in recent years.
The cost of Jet A1 fuel for a flight from London to New York operated by a B747 Jumbo Jet is estimated to be approximately £53,500, or $158 per passenger, based on 450 passengers.
AvGas, a form of aviation gasoline commonly used by private pilots and flight training schools for piston-engine aircraft, is typically more expensive than jet fuels due to its complex refinement process. As of 2021, AvGas was priced at a nationwide average of $5.00 per gallon.
It is important to note that the prices of aviation fuels vary over time and are influenced by various factors such as oil price fluctuations and regional demand. Additionally, the prices paid by airlines are subject to contract details and hedging strategies, where a constant fuel price is agreed upon for a set period to mitigate financial risks.
The Rising Cost of Fuel: How High Have Prices Gone?
You may want to see also
Explore related products
Jet A1 fuel cost per flight
The price of Jet A1 fuel per gallon varies and is dependent on several factors. As of January 2022, the price of Jet A1 fuel was approximately $816 per metric tonne, which equates to about $0.82 per KG. This price is exclusive of the delivery of the fuel and the fee to refuel the aircraft.
The price of jet fuel is closely aligned with the price of oil, which fluctuates daily. For instance, in May 2020, the price of Jet A1 fuel was down 69% compared to the previous 12 months due to the collapse in oil prices brought about by the Covid-19 pandemic.
The cost of Jet A1 fuel per flight will depend on the amount of fuel required for the flight, which is determined by factors such as the distance travelled, the weight of the aircraft, and the number of passengers. For example, the cost of the fuel required for a flight from London to New York on a B747 Jumbo Jet is approximately £53,500, which works out to be £118 per person for 450 passengers.
Airlines can reduce their financial risk by hedging, which involves agreeing on a constant price for fuel for a set period. For example, an airline might hedge 5 million tonnes of fuel at $600 per metric tonne for 12 months. This means that regardless of any fluctuations in fuel prices, the airline will pay the same price for fuel during the agreed-upon time period.
The global average jet fuel price can also be tracked weekly through sources such as the Platts Jet Fuel Price Index, which provides daily assessments of jet fuel spot prices in relevant regional centers.
Fuel Injector Cleaning: Cost-Effective Engine Maintenance
You may want to see also
Explore related products
Jet A1 fuel production
The price of Jet A1 fuel varies and is closely aligned with the fluctuating price of oil. As of January 2022, the price of Jet A1 was approximately $816 per metric tonne, or $0.82 per KG. This was around double the price from the year before, in January 2021, where the price of Jet A1 was approximately $430 per metric tonne, or $0.43 per KG. Due to the collapse in oil prices brought about by the Covid-19 pandemic, at one point in May 2020, Jet A1 was as low as $200 per metric tonne, or $0.20 per KG.
Jet A1 fuel is a kerosene-type fuel, compatible with most jet aircraft, both civil and military, helicopter turbine engines, turboprops, and compression-ignition piston engines. It has a boiling point of 150°C-250°C, a flashpoint over 38.0ºC (100ºF), and a maximum melting point of -47.0ºC. It is marked in airport refueling facilities in white letters against a black background, preceded by two white vertical bars.
Jet A1 is a mixture of a variety of hydrocarbons, and its exact composition varies widely based on its petroleum source. As such, jet fuel is defined as a performance specification rather than a chemical compound. The range of molecular mass between hydrocarbons is defined by the requirements for the product, such as the freezing point or smoke point.
The production of jet fuel has evolved to incorporate more sustainable practices. In 2011, United Continental Holdings became the first United States airline to fly passengers on a commercial flight using a blend of sustainable, advanced biofuels and traditional petroleum-derived jet fuel. Solazyme developed the algae oil, which was refined utilizing Honeywell's UOP process technology, into jet fuel to power the commercial flight. Solajet, the world's first 100 percent algae-derived jet fuel, was produced for both commercial and military applications.
Lucrative Aviation Refueling: Aero Fueler Salary Insights
You may want to see also
Frequently asked questions
The price of Jet A1 fuel is not available publicly. However, the national average price for Sustainable Aviation Fuel (SAF) is $8.72 per gallon.
Jet A1, also known as kerosene, is a widely used aviation fuel. It is valued for enabling aircraft to achieve maximum energy with minimum fuel load.
The price of Jet A1 fuel is generally higher than that of regular gasoline. For example, in May 2020, the price of Jet A1 fuel was around $0.20 per KG, while the price of gasoline was likely lower, given that it is a more widely used fuel type.
The cost of refueling a commercial aircraft with Jet A1 fuel can vary depending on various factors such as the size of the aircraft and the current market price of fuel. For example, the fuel required to fly a B747 Jumbo Jet from London to New York is approximately £53,500, working out to about £118 per passenger.
