When could jet fuel supply run low for the US?
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........
