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Procurement Market Intelligence Report

Jet Fuel
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Jet Fuel?

What is the average price of Jet Fuel?

This procurement report includes pricing information to help you purchase Jet Fuel. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Jet Fuel been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Jet Fuel yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Jet Fuel?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Jet Fuel with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase ?

There is moderate market share concentration among suppliers of jet fuel. Of the estimated 5,300 jet fuel suppliers in the United States, Chevron commands the largest share of the market, at roughly 17.0% of market revenue. Exxon Mobil is the next largest supplier with close to 15%, with BP, Shell... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Regulatory Requirements

Do your operations meet ASTM D1655 requirements?

How does high regulation impact your revenue and profit?

If new regulatory requirements are introduced, how do you expect them to impact jet fuel prices?

Have you ever not met a regulatory requirement? What were the consequences?

Product Quality

What quality standards do you implement to ensure the consistent production of high-quality jet fuel?

How much experience do you have producing and supplying jet fuel for my volume and specifications?

Have you received complaints that your jet fuel did not perform up to expectations? How were these complaints handled?

Can you provide a list of additives? How does this list compare to the national standard?

Cost Containment

What percentage of your revenue during the past three years has been dedicated to labor? Does this percentage fluctuate often?

What other ongoing fees and expenses do you incur?

How have fluctuations in demand affected the prices of your products in the past three years? How do you mitigate the effects of sudden shifts in demand?

Do you source from multiple suppliers or a single supplier? How does this strategy affect costs?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should state their maximum budget for the contract.

Buyers should request a detailed breakdown of how price differentials are determined for fuel uplifted at different locations based on state taxes and delivery distance.

Buyers should indicate how price increases must be communicated.

Buyers should state their preferred payment method.

Selection Criteria

Buyers should prioritize suppliers that offer the most competitive prices.

Buyers should consider suppliers with strong track records of timely fuel uplifts.

Buyers should give preference to suppliers with a history of successful risk mitigation and regulatory compliance.

For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should indicate the date by which proposals are due.

Buyers should specify the timeline for evaluating potential vendors.

Buyers must indicate when the date award information will be available.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Buyers of jet fuel face high supply chain risk, which explains why many buyers hedge the market by signing long-term supply contracts. High supply chain risk weakens buyer power, as it indicates there is an increased risk of supply disruptions that could force a supplier to adjust their sourcing strategy... Subscribe to learn more.