Jet Fuel Prices Surge Amid Middle East Tensions, Airlines Warn of Potential Shortages Jet fuel prices in the United States have more than doubled in recent weeks, placing acute pressure on global airlines and raising the prospect of widespread travel disruptions. Prices surged from approximately $2.17 to $4.57 per gallon by late March, according to the Argus U.S. Jet Fuel Index [2]. Industry executives warn that airline fuel inventories could run dry within weeks if supply routes remain constrained [10]. The sharp increase poses an immediate financial threat to carriers. Major U.S. airlines have reported multimillion-dollar cost impacts for…
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