- Rapidly rising private jet fuel costs
- Flying just got more expensive
If you’ve flown on a private jet lately, you may have noticed that fuel prices have risen sharply. In fact, some operators are now charging as much as $12 per gallon for fuel. So what’s behind this sudden price hike?
There are a few factors at play. First, the price of crude oil has risen sharply in recent months, due in part to increased demand from China. This has led to higher prices for jet fuel, which is derived from crude oil.
Second, the US government has imposed new tariffs on imported steel and aluminum, which has led to higher costs for jet fuel tanks and other aircraft parts. This, in turn, has caused jet fuel prices to rise.
Finally, jet fuel prices are also being affected by the ongoing trade dispute between the US and China. As the two countries continue to impose tariffs on each other’s goods, the prices of jet fuel and other commodities are likely to continue to rise.
So if you’re planning on flying on a private jet anytime soon, be prepared to pay a bit more for fuel. And if the trade dispute between the US and China doesn’t end soon, jet fuel prices could continue to rise in the months ahead.