A surge in the number of passengers looking to travel via air is creating a tight jet fuel market that is pushing up costs for airlines and those looking to purchase flights, according to Reuters. Behind the U.S. jet fuel squeeze is a hoard of willing airline passengers who are looking to travel post-pandemic, after movements were restricted.
According to the latest data from the Energy Information Administration (EIA), there were 36.532 million barrels of kerosene-type jet fuel in the United States as of February 10—the lowest for this time…Airline Costs Reel From Tight U.S. Jet Fuel Market
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