Jet fuel prices surge to $3.99 per gallon amid Middle East conflict

Here's what it means for you.
Expect to see higher airfare as airlines pass on increased fuel costs to consumers.
What happened
Jet fuel prices surged to $3.99 per gallon in the U.S. due to oil supply disruptions from the ongoing conflict in the Middle East.
The Context
- Geopolitical tensions: The escalation of conflict in the Middle East, including U.S. and Israeli strikes, has disrupted oil shipments through the Strait of Hormuz, affecting one-fifth of global oil transit.
- Airline response: Major airlines like Cathay Pacific and Air France-KLM have implemented fuel surcharges, with U.S. carriers expected to adjust base fares in response to rising operational costs.
- Long-haul impact: Fuel constitutes 20-25% of airline operating costs, meaning consumers will likely see significant fare increases, especially for long-haul flights.
The Number
—the average price of jet fuel across major U.S. airports as of March 13, 2026, up from $2.50 just two weeks earlier, illustrating the rapid impact of geopolitical disruptions on travel costs.
Takeaway
With ongoing tensions in the Middle East, airfare is likely to remain elevated as airlines adjust pricing strategies to cope with sustained fuel costs.
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