Jet fuel prices reported to the Bureau of Transportation Statistics differ from producer prices. Reports to BTS show the cost per gallon of fuel used by an airline during the month rather than the price charged by a producer on a single day. Fuel costs for scheduled airline services reflect contractual and storage advantages available to large buyers, while fuel costs for nonscheduled airline services reflect economic conditions for smaller buyers. Jet fuel prices also reflect seasonality due to both the seasonality of aviation and because jet fuel has similar refining requirements to heating oil.
|Current Dollars per Gallon||Aug-03||Aug-04|
|For nonscheduled airlines||0.89||1.28|
|Percent change from same month previous year||9.51||43.82|
|For scheduled airlines||0.83||1.16|
|Percent change from same month previous year||15.53||39.76|
NOTES: The current value is compared to the value from the same period in the previous year to account for seasonality.
Data for June 2004 to August 2004 are preliminary due to late reports by carriers.
SOURCE: Bureau of Transportation Statistics, Office of Airline Information, October 2004; available at: http://www.bts.gov/oai.