Brent Crude

March 22, 2012 - 4:02pm
Speculators Driving Oil, and thus Jet-A, Prices Higher

Oil speculators’ uneasiness over the resurgence of the “Arab spring” is the main factor driving jet-A prices ever closer to–and in some cases beyond–$6 per gallon, according to aviation fuel consultant Mark Wagner. Jet-A prices in the continental U.S. are now averaging $5.64 per gallon, ranging from $3.94 in the Great Lakes region to $6.01 in the Eastern region, current data from AirNav shows.

The price of Brent Crude, which is refined to make jet-A and other fuels, continues to rise and stood at $124.20 per barrel late yesterday.

 
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