In nearly 15 years of tracking aviation fuel prices across the United States, GlobalAir.com officials are seeing the tide turn when it comes to some well-established notions about avgas and Jet-A.
Not only are jet fuel prices hitting a record-high spike, but April 2022 was the first time that Jet-A prices surpassed 100LL prices, they report.
“When you have been in the business aviation industry for as long as we have, you see all kinds of things,” said GlobalAir.com President and CEO Jeffrey Carrithers. “However, this is our first time seeing anything like this.”
Also noteworthy in this unprecedented market is the locations seeing the higher prices, he said.
Traditionally jet fuel prices are higher in the Eastern United States, but as of early May, Jet-A prices were running 2% higher in the New England Region ($7.96) than in the Northeast Region ($7.81), a historical anomaly.
Meanwhile, the Western Pacific Region ($7.08) is seeing prices 11% lower than in New England, a wider margin than typical.
Jet fuel prices posted on GlobalAir.com are under the $7 mark elsewhere in the continental United States, averaging $6.82 in the Northwest Mountain Region, $6.72 in the Southwest Region, $6.31 in the Great Lakes Region, and $6.10 in the Central Region. The national average as of May 4, 2022, was $6.90, GlobalAir.com officials report.
Since the average retail price of Jet-A price hit a three-year low of $4.49 in May 2020, compounded by surplus supply and pandemic-driven airline shutdowns, it has risen 47.2% in the past two years, based on national averages tracked and compiled by GlobalAir.com.
“Just as we have seen demand for aircraft unlike anything in recent decades, and how that has impacted private jet prices, we are now seeing that in the aviation fuel market,” Carrithers said.
What About 100LL?
According to GlobalAir.com, on May 4, 2022, the average price of 100LL across the nation was $6.59.
In New England, it’s going for an average of $6.80, while in the Southwest it’s $6.42. It climbs to $7.16 in the Western Pacific, while it’s $6.74 in the Northwest Mountain area.
The highest price for 100LL? $8.18 in Alaska — where Jet-A is cheaper at $7.55.
The lowest price for 100LL? The Central part of the United States, where it is averaging $5.89 a gallon.
Based at Bowman Field (KLOU) in Louisville, Kentucky, GlobalAir.com collects aviation fuel prices from FBOs throughout the United States, with around 3,250 at any given time reporting prices posted within the past 30 days. This gives pilots the most current fuel price information when planning flights, company officials note.
Rhode Island, 100 ll is $7.49 usd a gallon,Thank you Joe for shutting ths Keystone gas line.
Most of the oil carried by the canceled Keystone XL pipeline (the XL stands for export limited) would have been exported outside the U.S., so that pipeline would have done little for our domestic supply. The main reason our domestic supplies are so limited now is our domestic producers shut down production at the start of the pandemic. They have been reluctant to ramp it back up because they are making large profits from the current high prices.
From what I’ve read…
The fraction of Canadian crude in US refinery feedstock has steadily risen from 7% in 1990, to about 22% by the end of 2019.
Although the Midwest (PADD 2) is by far Canada’s largest customer, Midwest refineries already run on a diet of 70% Canadian crude, and that number is unlikely to get bigger. Much like the Midwest, the Rocky Mountains region (PADD 4) also sources 100% of their foreign oil imports from Canada, with very limited capacity for expansion.
it’s all ‘Go Brandon’
My comment is from;
https://www.oilsandsmagazine.com/market-insights/american-appetite-canadian-crude-usage-us-refineries.
I’ll assume that they are a reliable source of info..?
Yup, refinery shifts in production, and lack of pipeline capacity contribute the majority of the increase.
See, https://www.eia.gov/petroleum/weekly/?src=email
Diesel and Jet fuel stocks have dropped the very low levels as show in the charts,
as well as crude oil stocks.! [ who’s fault is all that ? ]
Here in NorCA, Diesel is now about $1 higher than regular gas, at $6.
100LL is $6.39…ouch !