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US says airline jet oil costs jumped $1.8 billion or 56% in March
Key takeaways
- The cost per gallon of oil in March was $3.13, up 74 cents, and 31% over February.
- Since the US-Israeli war with Iran began, disruptions to shipping through the Strait of Hormuz have roiled global oil markets.
- Airlines spent $3.88 billion in March 2025 on jet oil, far below the $5.06 billion they spent in March of this year.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize WASHINGTON: Major US passenger airlines spent just over $5 billion on jet oil in March, up $1.8 billion or 56% from what they spent in February, the US Transportation Department said on Wednesday.
The cost per gallon of oil in March was $3.13, up 74 cents, and 31% over February. Oil use rose 20% in March, USDOT added.
Since the US-Israeli war with Iran began, disruptions to shipping through the Strait of Hormuz have roiled global oil markets. Surging jet oil prices have created the air travel industry’s biggest crisis since the COVID-19 pandemic.
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