Refining margins for jet fuel increased 211.2% over the last year. This crack spread, which measures the difference between the price of the refined fuel and the cost of Brent crude, raises operational costs for airlines and puts upward pressure on airfares.
Wednesday, October 21, 2026
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Jet Fuel Margins Hit Record $70.1 Per Barrel Since 1990
Commodities1 day ago
The current pricing spread for aviation fuel now exceeds the full annual average price of Brent crude for 24 of the past 36 years. The Gulf Coast jet fuel crack reached $70.1 per barrel in September 2026, the highest level in data since 1990, beating the previous peak of $66.3 set in January 2023 and dwarfing the 1990-2025 average of $11.6.
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