What You Need to Know About Aviation Fuel Prices

Several factors, from war to inflation, are making filling your aircraft more expensive.

Jonathan Welsh

Wednesday, May 04, 2022 at 08:37 AM ET

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A tanker truck carrying aircraft fuel. [File Photo: Adobe Stock]

Key Takeaways:

Aviation fuel prices have surged dramatically due to a tightened global crude oil supply, primarily from sanctions against Russia, combined with increased demand from recovering airline travel, booming freight markets, and the upcoming summer driving season.
Jet-A prices at US FBOs average around $6.35 per gallon, marking a significant increase (e.g., 149% worldwide year-over-year), which is prompting general aviation pilots to reduce flying, take shorter trips, and actively seek out more affordable fuel options.
These elevated fuel costs are impacting airlines through higher ticket prices and flight reductions, and while expected to continue through the summer, a decrease is forecast for 2023, though subject to geopolitical factors like the Russia-Ukraine war and broader economic trends.

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Just about any pilot topping off the tanks of a turboprop or light jet at the FBO lately has experienced sticker shock or at least a degree of buyer’s remorse. Of course, prices for nearly any fuel—and many other products—are way up these days. But it seems like aviation fuel prices have surged at a higher rate than most.

Here are the answers to a few of the questions pilots have been asking about surging fuel prices.