What is the price of jet fuel in 2023?
What is the price of jet fuel in 2023? The cost per gallon of fuel in January 2023 ($3.28) was up 14 cents (4.3%) from December 2022 ($3.14) and up $1.37 (71.7%) from January 2019. Total January 2023 fuel expenditure ($4.63B) was up 0.2% from December 2022 ($4.63B) and up 70.6% from pre-pandemic January 2019.
How much does a plane ticket cost per person?
National average cost of a domestic plane ticket is $382 dollars as of Q1 2023, according to the BTS. In terms of dollar-adjusted values for 2023, the national average cost of domestic plane tickets has seen a notable decrease from $576 in 1995 to $382 in 2023.
What can replace jet fuel?
H2 is perceived as an attractive alternative aviation fuel both in recent and past research as it has a great supply potential, contains three times the energy content per weight of traditional jet kerosene (43.2 MJ/kg vs 120 MJ/kg respectively) and does not produce CO2 from combustion.
Is jet fuel more expensive than petrol?
Jet Fuel Costs Less But the need for a higher energy fuel made the aviation industry look for alternative fuels. With a Boeing 747 burning up to one gallon of fuel every second, it's lucky that kerosene-based jet fuel is cheaper than gasoline!
Is electricity cheaper than jet fuel?
Roei Ganzarski, chief executive of the electric motor manufacturer MagniX, told the BBC that a small aircraft will use $400 on conventional fuel for a 100-mile flight — but with electricity, “it'll be between $8-$12, which means much lower costs per flight-hour.”
How much does it cost to fill up a A380?
This is due to the aircraft's large size and the amount of fuel it requires to make a single flight. On average, it costs around $20,000 to fill up an A380.
How much does it cost to operate a 747 per hour?
The process to install an interior can take up to two years. Operating a BBJ 747-8 will cost an estimated $23,000 an hour – but if you can afford to buy a your own 747, this cost is inconsequential.
How much does it cost to fill a 737 with fuel?
It currently costs $36,000 dollars to fuel a 737. Last year to fill the same jet cost $24,000. “It'll be a major consideration of where we go, If we go,” said Rebecca Segura who is headed back to the Cape from Puerto Rico. For others COVID-19 concerns meant less travel so even higher prices won't keep them grounded.
How much does it cost to fly a 747 per hour?
The B747-400, best known as the world's fastest commercial jetliner, has the capability of carrying up to 660 passengers in a partial double deck configuration. The average hourly rental rate of the Boeing 747-400 is around 30,950 USD per hour.