Rajan Wilcox
The price of jet fuel is a concern not only for airlines but also for private jet owners. The price per gallon varies depending on the region and the provider. For example, on May 11, 2022, the IATA per gallon price was $4.82 in North America, $4.01 in Europe, and $3.55 in Asia. At Boston’s Hanscomb Field Jet A was selling between $9.79 and $13.38 per gallon, while in Oklahoma City it was as low as $7.05 per gallon. The global average jet fuel price changes weekly; for example, it fell by 0.3% to $92.92/bbl during one week.
| Characteristics | Values |
|---|---|
| Global average jet fuel price | $92.92/bbl |
| IATA per gallon price in North America | $4.82 |
| IATA per gallon price in Europe | $4.01 |
| IATA per gallon price in Asia | $3.55 |
| Jet A fuel price in Boston’s Hanscomb Field | $9.79 - $13.38 per gallon |
| Jet A fuel price in Oklahoma City | $7.05 per gallon |
| Jet Fuel Cost Calculator base price | $2.00 per gallon |
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What You'll Learn
Jet fuel price varies by region
The price of jet fuel is not fixed and varies across different regions. As per the Jet Fuel Price Monitor, the average global price of jet fuel was $92.92 per barrel, a decrease of 0.3% from the previous week.
In the US, the national average jet fuel price was $6.29 per gallon in 2025, with prices varying across different regions. The FAA Alaska region reported the highest jet fuel price at $8.08, while the FAA Central region had the lowest price at $5.60.
The Jet Fuel Price Index provides weekly updates on jet fuel prices, including the average prices paid at refineries worldwide. The index values are weighted based on regional demand, with higher demand regions carrying more weight in the Global Composite Index.
Argus Media also provides daily jet fuel spot prices for major US cities like Chicago, Houston, Los Angeles, and New York. These prices are averaged over multiple FBOs (Fixed-Base Operators) reporting aircraft fuel prices over a specific period, usually around 30 days.
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Private jet fuel burn rate
The fuel burn rate of a private jet is an important factor when chartering or buying an aircraft. The cost of fuel on private jets can average approximately $450 to $850 per hour, with the price of jet fuel ranging from $2.25 to $5.50 per gallon. However, the price per gallon can vary significantly depending on location and provider, with prices in North America, Europe, and Asia differing substantially. For example, on a given date in May 2022, jet fuel prices were $4.82 in North America, $4.01 in Europe, and $3.55 in Asia.
The fuel burn rate of a private jet depends on several factors, including the speed and altitude of the flight, weather conditions, the number of take-offs and landings, the weight of the aircraft, and the number of passengers and amount of cargo. The higher the altitude, the greater the fuel efficiency of a jet engine. However, flying into a headwind will burn more fuel, and take-offs are the most fuel-intensive part of a flight, so shorter flights burn proportionately more fuel. Additionally, a heavier aircraft will require more fuel to fly, and the necessary fuel for the craft and its contents will further increase the weight and fuel burn.
The fuel burn rate also varies by aircraft type and model. For instance, the Bombardier Global 7500, an ultra-long-range jet, burns 528 gallons per hour, while the Embraer Phenom 300 light jet consumes 183 gallons per hour. Light jets as a category can consume anywhere between 132 and 222 gallons of jet fuel per hour. The Citation III, a light jet, consumes 241 gallons of fuel per hour, while the CJ1+ consumes 134 gallons per hour. The Hawker 800XP has an average fuel consumption of 291 gallons per hour, and the Pilatus PC-24, a versatile jet capable of landing on grass and dirt runways, burns 160 gallons per hour.
It is worth noting that there is no standardization within the industry regarding how fuel consumption should be stated or measured, and fuel efficiency figures can vary greatly. When chartering a plane, the fuel cost is typically included in the overall price quote, but it is still important to consider the fuel burn rate as it can significantly impact the overall cost of operating a private jet.
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Jet fuel cost calculator
The cost of jet fuel per gallon varies based on market conditions, demand, and geopolitical factors, and prices also differ by region and airport. As such, it is essential to calculate fuel costs in advance to keep your trip within budget and avoid surprises.
Several online jet fuel cost calculators are available to help estimate fuel costs for a flight. These calculators consider various factors that influence fuel consumption, such as the type of jet, flight distance, weight of the aircraft, weather conditions, and engine efficiency. By inputting these variables, you can receive precise estimates of fuel consumption and costs.
For example, the Private Jet Fuel Cost Calculator by FlyUSA allows users to compare fuel requirements for different jet types on a specific route. Similarly, Compare Private Planes offers a fuel burn calculator with a selection of over 140 private jets, enabling users to input mission lengths and customize jet fuel pricing to receive accurate estimates.
Additionally, the Jet Fuel Cost Calculator on PrivateJetCardComparisons.com lets users compare up to five different aircraft types. It calculates the per-hour fuel cost based on Conklin & de Decker estimates and the base price per gallon. This calculator helps users understand the fuel consumption per hour for various jet sizes and types.
These jet fuel cost calculators are invaluable tools for private aviation, offering users the ability to make informed decisions, optimize their budgets, and plan their trips more efficiently.
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Jet fuel price monitor
The price of jet fuel is an important factor for airlines and aviation businesses, and there are tools to help monitor these prices. The Jet Fuel Price Monitor is a joint initiative by S&P Global Commodity Insights and IATA that provides the latest price data for jet fuel. The data is sourced from Platts, a leading energy information provider, and is based on their daily assessments of jet fuel spot prices in relevant regional markets.
The Platts Global Jet Fuel Index is a weighted average of their jet fuel assessments from major global trading, supply, and demand centres. The weightings in the index represent the proportional demand for jet fuel around the world. The Jet Fuel Price Index shows the average prices paid at refineries for aviation jet fuel for a given week. For example, the global average jet fuel price for one week was $92.92/bbl, a decrease of 0.3% from the previous week.
The Jet Fuel Price Monitor does not provide historical price data, but additional fuel price information can be found on the Platts jet fuel microsite. The full methodology behind the Platts Global Jet Fuel Index can be found on the S&P Global Platts website. This includes details on how the individual Platts assessments are weighted based on regional demand and how these values are compared to average spot prices in 2000 to generate a percentage figure reflecting the overall rise in markets compared to the base period.
The Jet Fuel Price Monitor is a valuable tool for the aviation industry, providing up-to-date information on jet fuel prices. By using this monitor, businesses can make informed decisions and stay abreast of market changes.
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Jet fuel price index
The price of jet fuel per gallon can vary depending on various factors, and it is essential to consider the jet fuel price index to understand the pricing dynamics. The Jet Fuel Price Index (JFPI) is a crucial indicator that provides insights into the average prices paid for aviation jet fuel at refineries worldwide. This index is typically published weekly by leading energy information providers like Platts, which is now a division of S&P Global Commodity Insights.
The JFPI is calculated based on daily assessments of jet fuel spot prices in significant regional markets. These assessments consider factors such as demand, uplift data, and trading volume. Each regional assessment is given a weighting, contributing to the overall Global Composite Index. By comparing these values with the average spot prices in a base year (such as 2000), a percentage figure can be generated to reflect the price change over time. For instance, an index value of 200 indicates that the price has doubled since the base year.
The jet fuel price can fluctuate significantly over time due to various market factors and geopolitical events. For example, historical data shows that jet fuel prices per barrel have varied considerably:
- $26.17 per barrel on May 8, 2020
- $54.32 per barrel on March 6, 2020
- $78.12 per barrel in August 2019
- $85 per barrel in May 2019
- $146.17 per barrel on July 8, 2022
- $122.70 per barrel on December 2, 2022
These prices can be influenced by various factors, including oil price fluctuations, economic conditions, and even global events like the COVID-19 pandemic or geopolitical conflicts. Therefore, the jet fuel price index is an essential tool for the aviation industry and market analysts to monitor and understand the impact of these factors on fuel costs.
It is worth noting that jet fuel prices are not publicly available in a readily accessible format. While organizations like Platts and Argus Media provide jet fuel price indices and assessments, they often require subscriptions or permissions to access the data. Additionally, historical price data may not always be available, and specific pricing information may be protected as intellectual property. Therefore, those seeking jet fuel pricing information may need to refer to these specialized sources and adhere to their usage guidelines.
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Frequently asked questions
The price of airplane fuel per gallon varies depending on the region and the provider. For example, on May 11, 2022, the per-gallon price was $4.82 in North America, $4.01 in Europe, and $3.55 in Asia.
The price of airplane fuel is influenced by factors such as regional demand, market conditions, and the type of aircraft.
The fuel consumption of private jets varies depending on the type of aircraft. For instance, the Bombardier Global 7500 burns 528 gallons per hour, while the Embraer Phenom 300 light jet consumes 183 gallons per hour.
You can use a Jet Fuel Cost Calculator by entering the current jet fuel cost and the type of aircraft. This will help you estimate the fuel cost per hour based on fuel consumption and the given fuel price.
You can refer to the Jet Fuel Price Monitor provided by IATA, which offers weekly updates on the average prices paid at refineries for aviation jet fuel. Additionally, websites like GlobalAir.com provide regional and national average aviation fuel prices for different types of jet fuel.
