With the worldwide airline industry operating at just a fraction of its usual capacity, and general and business aviation operators mostly under “stay at home” orders because of the COVID-19 worldwide pandemic, US skies are for the most part empty, as aircraft of all shapes and sizes remain grounded. But for those who continue to fly and must purchase either 100LL avgas for piston-powered aircraft, mogas for experimental and light-sport aircraft, or jet-A for turbine aircraft, significant pressures in the oil industry have resulted in fuel prices falling at FBOs across the country.
Nationwide Fuel Prices Show Bargains for GA
Key Takeaways:
- Aviation fuel prices, including 100LL avgas, jet-A, and mogas, are significantly decreasing across the U.S. due to the COVID-19 pandemic.
- This price drop is driven by a drastic reduction in air travel demand and an oversupply of crude oil, with benchmark Brent Crude futures falling to a recent low of $19.33 per barrel.
- While nationwide average fuel prices have fallen, there is considerable regional disparity, with specific regions like Alaska reporting much higher costs compared to others.
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