Jet fuel prices have surged in the United States, approaching levels last seen during the onset of the US-Iran conflict. In the Gulf Coast region, the kerosene-type jet fuel spot price reached $4.705 per gallon in mid-September, up from $4.341 earlier in the month. This increase raises concerns about operational costs for airlines and potential impacts on consumer travel expenses. Market predictions suggest a 12% probability of crude oil reaching new all-time highs by December 31, compared to just 0.5% by September 30. Market participants will closely monitor geopolitical developments and OPEC production decisions in the coming months.
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