Question about Fuel Prices

[Farlis 2,277]

Hi all, here is a question I have since I want to enter some calculations into my virtual flight planning.

What is the unit used for jet fuel prices? I checked out the current Jet A price at KSFO and it says it's $8.38. 

But per what? Gallon, Liter, Kilogram?

[Wolf0 31]

This is an interesting topic. I'd also like to see if someone knows any website with current prices for jet A1 worldwide. I'd like to build a statistic for my flights.

[pracines 823]

https://www.iata.org/publications/economics/fuel-monitor/pages/index.aspx

 

[Pegaso 53]

Good info, Paul. So in short it should mean $/gal 

[beechcaptain 105]

This is very useful for planning flights using PFPX, where you can specify the cost of fuel by gal,kg, ton, etc.

Thanks for sharing!

[Farlis 2,277]

Thanks a bunch!

[Wolf0 31]

Thank you. I suppose there isn't any open website with the quotes per airport..? (I know that the prices will be negotiated on a airline/supplier so they will differ even within the same airport, but I'd like a more depth ideia of the figures than at world region level) 

[Captain Kevin 586]

All I found was this, but I can't verify the accuracy of it.

http://aeroportos.weebly.com/fuel-prices.html#.W6zlq2hKiUk

[Wolf0 31]

Bingo!!!

Thank you so much. Exactly what I was looking for.

[Bob Scott 7,714]

$8.38/gal for Jet A??!!  Wow.  Guess I'll have to wait a while more before I pull the trigger on that new Gulfstream G-650.  🙂 

[Captain Kevin 586]

9 minutes ago, w6kd said:

$8.38/gal for Jet A??!!  Wow.  Guess I'll have to wait a while more before I pull the trigger on that new Gulfstream G-650.  🙂 

Looks like that price would be more for general aviation.

http://airnav.com/fuel/local.html

[JRBarrett 3,034]

4 hours ago, Captain Kevin said:

Looks like that price would be more for general aviation.

http://airnav.com/fuel/local.html

Yes, the airlines do not pay anywhere close to retail price for their fuel. Even at smaller airports where regional carriers may be fueled by the local FBO fuel trucks, the airline often owns a percentage of the fuel stored in the airport fuel farm (purchased slightly above wholesale), and only pay a per-gallon service fee to the FBO for each refueling. The posted fuel prices for any given locality apply primarily to private and commercial general aviation aircraft.

If you’re emulating GA or Part 135 charter ops, the posted prices definitely come into play!

 

[fluffyflops 1,845]

No one heres even mentioned fuel hedging... Buying a fixed amount of fuel (and alot of it) over a certain time at a fixed price knowing that the market price can equally go up in price or down. 

Its just whacked Ryanair because they didnt hedge for winter at a low price, and now the price has gone up loads recently so they are going to get battered with high prices until it goes down again. 

In the real world a clever or not so clever hedge can ruin your airline, its huge gambles. I know and heard of people that have messed up a hedge and then  never worked in the industry again, notably this happened in 2008 when the financal crash happened the fuel price tanked to a low and airlines had hedged high for a year's worth of fuel

On the flip side to that coin Ive also heard of people who have made a really good large hedge when fuel prices have gone up and have been considered hero's.