The rightmost columns below ("Avg. Paid Price") reflect the worldwide operations of U.S. passenger and cargo airlines, using data made available by the Department of Transportation (DOT).
Market prices for jet fuel, recorded by the Energy Information Administration (EIA), are highly correlated with the prices of home heating oil. Average prices paid for jet fuel are a function of long-term contracts, spot market prices, and point of sale; the mixture thereof varies widely across carriers. For additional information see Fuel 101: From Well to Wing or ATA's monthly jet fuel cost and consumption report.
| YEAR |
WTI Crude Oil |
Avg. Market Price
(U.S. EIA) |
Crack
Spread |
Avg. Paid Price*
(U.S. DOT) |
| $/bbl |
NYH |
USGC |
LOS |
¢/gal |
$/bbl |
$/bbl |
¢/gal |
$/bbl |
| 1977 |
WTI spot prices
not available
from EIA
for this
time period |
complete government data
not available
from EIA this time period
(jet fuel spot prices available eff. Apr-90) |
36.2 |
15.21 |
| 1978 |
39.3 |
16.49 |
| 1979 |
57.7 |
24.23 |
| 1980 |
89.2 |
37.45 |
| 1981 |
104.7 |
43.97 |
| 1982 |
98.9 |
41.55 |
| 1983 |
89.6 |
37.64 |
| 1984 |
85.5 |
35.91 |
| 1985 |
80.9 |
33.99 |
| 1986 |
15.05 |
55.8 |
23.43 |
| 1987 |
19.20 |
56.0 |
23.50 |
| 1988 |
15.97 |
53.5 |
22.47 |
| 1989 |
19.64 |
60.5 |
25.41 |
| 1990 |
24.53 |
78.3 |
32.87 |
| 1991 |
21.54 |
63.9 |
60.8 |
63.1 |
62.6 |
26.30 |
4.76 |
69.1 |
29.01 |
| 1992 |
20.58 |
59.4 |
57.2 |
60.3 |
58.9 |
24.75 |
4.17 |
63.7 |
26.74 |
| 1993 |
18.43 |
55.5 |
52.9 |
59.7 |
56.1 |
23.54 |
5.11 |
60.6 |
25.44 |
| 1994 |
17.20 |
52.8 |
49.3 |
54.0 |
52.0 |
21.85 |
4.65 |
55.8 |
23.44 |
| 1995 |
18.43 |
51.8 |
49.4 |
56.5 |
52.6 |
22.08 |
3.65 |
55.8 |
23.45 |
| 1996 |
22.12 |
65.8 |
61.1 |
66.5 |
64.4 |
27.07 |
4.95 |
66.5 |
27.91 |
| 1997 |
20.61 |
58.6 |
56.0 |
63.4 |
59.4 |
24.93 |
4.32 |
64.5 |
27.08 |
| 1998 |
14.42 |
43.0 |
40.3 |
44.7 |
42.7 |
17.91 |
3.49 |
51.3 |
21.55 |
| 1999 |
19.34 |
52.1 |
49.8 |
58.6 |
53.5 |
22.46 |
3.12 |
53.1 |
22.31 |
| 2000 |
30.38 |
91.1 |
85.0 |
94.1 |
90.1 |
37.83 |
7.45 |
80.6 |
33.87 |
| 2001 |
25.98 |
74.4 |
72.5 |
77.2 |
74.7 |
31.37 |
5.39 |
77.7 |
32.64 |
| 2002 |
26.18 |
71.1 |
68.7 |
73.0 |
70.9 |
29.79 |
3.61 |
71.4 |
30.01 |
| 2003 |
31.08 |
86.5 |
82.4 |
88.4 |
85.7 |
36.01 |
4.93 |
84.9 |
35.67 |
| 2004 |
41.51 |
119.5 |
115.1 |
127.8 |
120.8 |
50.75 |
9.24 |
115.5 |
48.53 |
| 2005 |
56.64 |
171.6 |
171.6 |
175.1 |
172.7 |
72.55 |
15.91 |
166.3 |
69.84 |
| 2006 |
66.05 |
195.3 |
192.3 |
203.4 |
197.0 |
82.74 |
16.69 |
196.7 |
82.60 |
| 2007 |
72.34 |
216.5 |
213.1 |
219.9 |
216.5 |
90.93 |
18.58 |
210.2 |
88.28 |
| 1H08 |
111.13 |
333.3 |
324.6 |
329.3 |
329.1 |
138.21 |
27.08 |
tbd |
tbd |
Acronyms: NYH=New York Harbor; USGC=U.S. Gulf Coast; LOS=Los Angeles, WTI=West Texas Intermediate
Abbreviations:
bbl=barrel
gal=gallon