Aviation Fuel Prices
What You Need to Know About Aviation Fuel Prices
Several factors, from war to inflation, are making filling your aircraft more expensive.
By Jonathan Welsh
May 4, 2022
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.
Why does fuel cost so much?
The global supply of crude oil has tightened as sanctions against Russia for its invasion of Ukraine and the continuing war there have hampered Russian oil producers’ ability to market their products. Just as the crude supply shrinks, demand for fuels refined from it is growing.
The worldwide return to airline travel has driven up demand for jet-A, but the booming freight and shipping markets are clamoring for diesel fuel. Limited supply means both industries are paying more for fuel. And as the coming summer driving season arrives, gasoline production will put additional strain on the market as it vies for its share of the crude supply.
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Story credit: Flying Magazine; https://www.flyingmag.com/what-you-need-to-know-about-aviation-fuel-prices/