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.
|Jet Fuel Price by Type of Service||Sep-05||Sep-06|
|Nonscheduled airlines (dollars per gallon)||2.16||1.95|
|Percent change from same month previous year||53.19||−9.72|
|Scheduled airlines (dollars per gallon)||1.89||1.98|
|Percent change from same month previous year||53.66||4.76|
NOTES: The current value is compared to the value from the same period in the previous year to account for seasonality. Data are for domestic services.
SOURCE: Bureau of Transportation Statistics, Office of Airline Information, available at http://www.bts.gov/, as of November 2006.