DOMESTIC UNIT PRICES FOR AIRLINE JET FUEL

DOMESTIC UNIT PRICES FOR AIRLINE JET FUEL

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Jet Fuel Prices by Type of Service (monthly data, not seasonally adjusted)
Jet Fuel Prices by Type of Service (monthly data, not seasonally adjusted)

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 Oct-01 Oct-02
For nonscheduled airlines   0.75  0.87
For nonscheduled airlines percent change from same month previous year -29.84 16.25
For scheduled airlines   0.71  0.80
For scheduled airlines percent change from same month previous year -19.45 13.60

NOTES: The current value is compared to the value from the same period in the previous year to account for seasonality.

Data for July 2002 to October 2002 are preliminary due to late reports by carriers.

SOURCE: Bureau of Transportation Statistics, Office of Airline Information; October 2002; available at: http://www.bts.gov/oai.