Not just gasoline — experts expect oil price spike to soon impact cost of plane tickets, too

By WNews 1 Min Read

Drivers are very much aware of the higher price to fill up as of late, and experts say air travellers should expect a similar sticker shock soon.

The cost of jet fuel is subject to the same forces that have caused gasoline prices to rise to their highest price in years.

A Bloomberg index of U.S. jet fuel prices shows the price of jet fuel has risen to top $4 US a gallon ($1.35 Cdn per litre) this week — more than twice what it went for as recently as December, and four times the cost prior to the pandemic.

Jet fuel is one of the biggest costs

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