U.S. Jet Kerosene Prices 2025, Size, Trend, Graph, Chart and Forecast
In the final quarter of 2024, the North American Jet Kerosene market experienced notable price volatility. The first two months saw a sharp increase in prices, largely driven by surging demand from the aviation industry. Rising travel volumes and heightened airline operations put pressure on refiners, who struggled to meet the growing fuel requirements. Geopolitical tensions further contributed to the escalation in crude oil prices, directly impacting jet fuel costs. Additionally, industry insights suggested that airfares had not entirely kept pace with inflation, exacerbating the financial strain on airlines amid soaring fuel expenses. By December, however, Jet Kerosene prices began to ease slightly. This downward trend was attributed to a combination of stable crude oil prices and well-managed inventories. Market participants strategically stockpiled supplies in anticipation of reduced aviation demand following the peak holiday season. With air travel activity expected t...