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Jet Fuel Price Monitor

Economics

This jet fuel price index provides the latest price data from the leading energy information provider Platts. The index and price data shows the global average price paid at the refinery for aviation jet fuel on the reported date.For more fuel price values and information please visit the Platts jet fuel microsite.

Fuel Price Analysis


The jet fuel price ended last week up 3.7% at 92.1$/bbl:

Table1.png

Table1.png

 Note: 100 in 2000 (87 cts/gal)

Impact on this year's fuel bill of the global airline industry


Jet fuel price average for 2018:       
$83.4/bbl                                            
Impact on 2018 fuel bill$39.3 billion

Note: Excluding handling costs

Jet fuel price developments

DATE
INDEX*
​11 May
​251.8
​04 May
​242.9
​27 April
​244.2
20 April
​241.5


Taking a look at recent price developments​:

ChartA.png

Taking a longer term perspective of price movements:


ChartB.png

Impact of Euro/US$ exchange rate movement:


ChartC.png


Methodology for Platts Jet Fuel price Index

Platts Jet Fuel Price Index is calculated by Platts using that organization's proprietary daily assessments for Jet Fuel spot prices in the relevant regional centers. When a market is not assessed on a particular day, for instance because of a market holiday, the previous working day's spot assessment is used.

Each of the individual Platts assessments is given a weighting by Platts in the regional baskets, based primarily on uplift data and trading volume; in a similar way, each of the regional indices is given a weighting in the Global Composite Index (specified in the column "Share in Composite Index").

These values are compared with average spot prices in 2000, similarly weighted by uplift during that period, to generate a percentage figure reflecting the overall rise in markets compared to the base period. As an example, an index value of 200 reflects a doubling of price since the year 2000.

Please note that all aspects of the Jet Fuel Price Index methodology and data, including the underlying data, are the intellectual property of Platts, a division of the McGraw-Hill Companies.


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