Oil prices have slid back since reaching a peak of $145 a barrel in July, resulting in jet-A prices finally falling by a significant amount. Although they remain sharply higher compared to this time last year, retail jet-A prices at U.S. FBOs have dropped in many cases below $6 per gallon. And while some FBOs at major U.S. airports are still charging about $8 per gallon for jet-A or even higher, if oil prices remain near the $100 mark, retail jet-A prices should continue to fall.
According to information from the U.S. Energy Information Administration (EIA), jet-A prices skyrocketed from December through July of this year. The prices shown in the chart accompanying this article are before adding in taxes, airport fees and retail markups, but they are useful because they offer a snapshot of fuel pricing for the past 33 years. (The prices are adjusted for the U.S. consumer price index.)
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