When could jet fuel supply run low for the US?

(NewsNation) — Jet fuel prices in the U.S. have increased since the start of the Iran war, and tensions are squeezing supply and raising concerns of a shortage.

According to the Argus U.S. Jet Fuel Index, the average price of jet fuel has jumped from $2.50 per gallon on Feb. 27, near the start of the conflict, to $4.64 per gallon as of Wednesday.

Amid concerns of a looming shortage, airlines in the U.S. are looking to offset the rising fuel prices. On Monday, JetBlue announced it was raising baggage fees by as much as $9, pointing to “rising operation costs.”

“While we recognize that fee increases are never ideal, we take careful consideration to ensure these changes are implemented only when necessary,” the carrier said in a statement.

United Airlines has also said it would scale back service in some areas, and Delta and American Airlines have said they would pass costs on to consumers, expecting to add $400 million in costs just for fuel.

Airlines have warned the supply could run out in a matter of weeks, contrary to a social media post from President Trump on Tuesday, in which he said the U.S. had “plenty” of jet fuel compared to other countries facing disruptions.

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