Chuck Greenwood, a Phillips 66 dealer in Ponca City, Okla., has instituted a unique pricing structure for jet operators. They can buy fuel at his cost, then pay a flat $100 fee for any amount up to the first 1,000 gallons and 10 cents per gallon for any amount greater than 1,000 gallons.
Gasoline and diesel usage and pricing
The average price of jet fuel in the U.S. is edging upward, according to two independent surveys. Within the lower 48 states, Fillup Flyer Fuel Finder (www.fillupflyer.com) reported that the average price in late March was $2.63 a gallon, up about 15 cents since January. The highest price found by Fuel Finder was $4.15 a gallon in the Southeast region.
Values among many pre-owned aircraft began to stabilize this year, with some even appreciating while others sought traction amid slipping prices. This year will close having sustained a trend toward lowering inventory, and the impetus for continued tightening remains in place. Though interest rates are rising, they are low by historical standards, enabling buyers to secure attractive financing rates.
Customers of Jeppesen World Fuel Services can now go online to view fuel prices and place orders at more than 1,500 locations worldwide. A new Web site provides price quotes, including taxes and fees, as well as pricing based on different uplift volumes. Users can store frequented destinations, search past fuel quotes and obtain the name of the into-plane provider.
“Everybody is sensitive to the price of jet fuel,” said Steve Elefant, explaining why he founded fuel-pricing Web site AircraftFuel.com last year. The Web site’s purpose is simple: to consolidate discount and contract fuel programs in one place so pilots and dispatchers don’t have to go to each program’s Web site to find the best price.
Skyrocketing jet fuel prices did almost nothing to slow down high-flying business jet travelers, who collectively took to the skies in record numbers this year, according to industry statistics. Now that crude oil prices are falling, analysts predict economic growth will further boost the use of business jets by corporations and the well-to-do.
Decades ago, AIN published one pilot’s mathematical formula for calculating the conditions that made fuel tankering viable. It was back when the first fanjets were entering the market and, for the first time, business jet pilots could choose where and when they bought fuel on the road.
Airport information provider AirNav is launching AirBoss, a new fuel card membership service that is open to pilots and FBOs. For pilots, annual membership costs $39 (100 octane) or $79 (100-octane and jet-A) and provides discounted fuel at AirBoss FBOs. FBOs don’t pay a fee to join AirBoss but must advertise on AirNav’s online airport database.
Fuel on Demand (www.fuelondemand. com), which debuted in November at the NBAA Convention, is a national program offering jet-A at “cost plus 25 cents per gallon” pricing, with no minimum or maximum purchase. The program is designed to provide participants lower and more predictable fuel prices compared with volume-based programs.
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