Procurement Market Intelligence Report
Jet Fuel
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Jet Fuel Global Overview
Definition
Summary
This report provides information on kerosene-type jet fuel (including Jet A and Jet A1), and aviation gasoline (avgas) fuel; naphtha-type jet fuel (including Jet B) is excluded from the scope of this report. Manufacturers of jet fuel include some of the world's leading energy companies. Other vendors include fixed-base operators (FBOs) as well as distributors, which serve as intermediaries between manufacturers and FBOs. The key buyers of jet fuel include major airlines, corporate aircraft fleets, freight and cargo operators, and the military. These buyers typically source jet fuel using contracts with FBOs.
This Report Includes:
- Jet A
- Jet A1
- Avgas
Not in this Report:
- Jet B
- Biokerosene
Classification:
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Global Jet Fuel Procurement Trends
Discover the top international trends affecting procurement in the global Jet Fuel market.
Warning Trends
Tariffs on fuel additives, lubricants, and anti-corrosive materials to increase costs in the sector
- On August 1, the Trump Administration finalized sweeping tariffs on most major US import partners, in addition to the already announced 25.0% and 35.0% tariffs on Mexico and Canada, and a 10.0% tariff on energy imports from Canada. According to the Energy Information Administration, Canada and Mexico account for 71.2% of US crude oil imports, 35.7% of US petroleum product imports, and 99.6% of US natural gas imports.
- These tariffs will increase both the cost of importing fuel additives, lubricants, and anti-corrosive materials and the cost of sourcing primary inputs necessary for making these products, affecting both international and domestic suppliers. However, reduced oil and gas demand tied to higher tariffs and a possible economic slowdown may counteract some of the tariff price increases in this market.
- Tariffs on steel and aluminum and falling oil prices are also increasing vendor risk for upstream suppliers in the sector; according to the New York Times, tariffs on steel have pushed up the cost of new oil and gas wells by 10.0% to 20.0%. According to S&P Global, oil country tubular goods, made from steel, are anticipated to rise 15.0% in price with the increase in tariffs, and because these expenses account for 8.0% to 10.0% of drilling and completion costs, the fuel additives, lubricants, and anti-corrosive materials supply chain will see increased risk of disruption.
Neutral
Crude oil prices dip, but natural gas and fuel prices remain volatile in 2025
- Oil prices have been falling with the introduction of higher tariffs and the predicted decline in global demand. The OPEC+ group of countries also announced they would be unwinding production cuts and increasing their collective output target for May by 411,000 barrels per day.
- Trade wars, ongoing conflict between Hamas and Israel, and general unrest in the Middle East are causing uncertainty surrounding oil prices, which has led to volatility in prices. In the third week of May 2025, crude oil prices hit $63.67 per barrel, but volatility remains as geopolitical concerns remain.
- Natural gas prices rallied early in 2025 with colder-than-usual temperatures in the United States and high demand, topping out at $4.68/MMBtu in March. Prices have since fallen with the onset of trade wars and weakening demand projections to $3.64/MMBtu in the third week of May 2025.
- The national average of gasoline prices has been rising slightly due to refinery maintenance/outages and blending issues, hitting a national average of $3.15 per gallon in the third week of May 2025. However, gasoline futures have been volatile, falling due to fears of oversupply and deepening concerns about weakening demand with tariffs, but rising after trade deals.
Inflation climbs above 3.0% for the first time in seven months
- In January, the Consumer Price Index (CPI) 12-month inflation rate, the most commonly used measure of inflation, rose by 0.1% to 3.0%, the highest it has been since June 2024.
- This uptick in inflation follows cuts to interest rates which may have added to consumer demand, fueling higher consumer prices.
- Additionally, the threat of impending tariff hikes has driven preemptive stockpiling by importers, adding to demand and price growth across a range of industries in the United States.
- While inflation is still low relative to previous years, sustained recent increases in inflation and the potential effects of tariffs, such as the recently implemented 10.0% on all Chinese goods, mean prices are still rising at a faster-than-normal pace.
Global Jet Fuel Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 China | 9,210 |
| #2 India | 4,095 |
| #3 Europe | 3,655 |
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Geography Drilldown - US
Average Cost of Jet Fuel
United States
2026 Market Pricing$1.80 to $XXX.XX
per gallonAverage Price
Prices in the Jet Fuel market range from $1.80 to $XXX.XX, depending on Type of Fuel, Method of Payment, Type of Service and Location. For example, lower prices are associated with Jet A ($2.20 to $3.00 per gallon) and Jet A1 ($2.30 to $3.10 per gallon), whereas higher prices are associated with Avgas ($2.75 to $3.50 per gallon).
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Jet Fuel Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Jet Fuel market, prices in the US have declined -13.1% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
United States (2025-2028)
Compound Annual Growth Rate
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Cost Analysis - Total Cost of Ownership for Jet Fuel
Total cost of ownership is Low in the Jet Fuel market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Duties & Taxes may raise the total cost of ownership unexpectedly.
Negotiated Before
Other Fees
Billed During
Additional Fees
Unforeseen
Duties & Taxes
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -1.0 in the United States. Buyer power is most positively impacted by Recent Developments. It is most negatively impacted by Market Share Concentration. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
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- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Very High, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Long-Distance Freight Trucking Companies
- Petroleum Refiners
- Chemical Wholesalers
2nd
Tier Suppliers
- Truck & Bus Manufacturers
- Oil Drilling & Gas Extraction Firms
- Oil & Gas Field Service Providers
- Chemical Product Manufacturers
Biggest Jet Fuel Suppliers in the US by Revenue
The largest Jet Fuel vendors by revenue in the US are Waterford Oil Co. Inc., Chevron Corp and Texas Jet Inc. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Chevron Corp | Global | HOUSTON, CA | >10,000 | 10-15 | ||||
| Royal Dutch Shell Plc | Global | LONDON | >10,000 | 5-10 | ||||
| Bp Plc | Global | LONDON | >10,000 | 5-10 | ||||
| Public Joint Stock Company Gazprom | Global | Moscow, RU | >10,001 | 5-10 | ||||
| Texas Jet Inc. | Local | Fort Worth, TX | 25-50 | < 5 | ||||
| Waterford Oil Co. Inc. | Regional | Northfield, MN | <25 | < 5 | ||||
| McKinney National Airport | Local | KcKinney, TX | 51-100 | < 5 | ||||
| Million Air Interlink | International | Houston, TX | 1,001-10,000 | < 5 | ||||
| Signature Flight Support | < 5 | |||||||
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Profit Analysis
The average profit margin across vendors in the Jet Fuel market is 1.5% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Purchases. The cost trend for this component is falling, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
This market's moderate vendor risk stems from suppliers' exposure to upstream supply chain disruptions, which are particularly pervasive in oil and gas applications. Moderate financial risk indicates a possibility of vendors leaving the market.
There is moderate competition among the estimated 3,500 jet fuel suppliers in the United States. As a result, market share concentration is considered medium, though merger and acquisition activity is intensifying it. Buyers benefit from easy access to multiple suppliers of jet fuel, either through long-term supply contracts or ad hoc purchases at airports.
The high level of supply chain risk is primarily due to the high level of risk presented by petroleum refineries and oil drilling and gas extraction operators. High supply chain risk indicates an increased risk of supply disruptions that could force suppliers to adjust their sourcing strategy or a greater chance of price spikes.
Jet fuel is held to high regulatory standards for quality and safety. Fortunately, market regulation changes infrequently and does not negatively impact suppliers or suppliers' relationships with buyers.
The United States is a net importer of jet fuel, meaning it imports more than it exports. US buyers seeking to import jet fuel should expect higher buying lead times and should assess quality standards.
Supplier Information
Chevron Corp
Chevron Corp is a public company operating globally in the manufacturing and finance and insurance sectors. The company's offerings include lubricating oils, synthetic resins, jet fuel, diesel fuel, gasoline. Founded in 1879, the company is currently headquartered in SAN RAMON, California, United States of... Subscribe to learn more
Bp Plc
Bp Plc is a public company operating globally in the manufacturing, manufacturing and finance and insurance sectors. The company's offerings include lubricating oils, jet fuel, diesel fuel, gasoline, bunker fuel. Founded in 1909, the company is currently headquartered in London, United Kingdom with an estimated... Subscribe to learn more
Public Joint Stock Company Gazprom
Public Joint Stock Company Gazprom is a public company operating globally in the manufacturing sector. The company's offerings include jet fuel. Founded in 1993, the company is currently headquartered in Moscow, Russia with an estimated employee count of over 10,000. Subscribe to learn more
Royal Dutch Shell Plc
Royal Dutch Shell Plc is a public company operating globally in the manufacturing, manufacturing, finance and insurance and other services (except public administration) sectors. The company's offerings include refining catalysts, lubricating oils, jet fuel, diesel fuel, gasoline. Founded in 1907, the company... Subscribe to learn more
Atlantic Aviation FBO
Atlantic Aviation FBO Inc. is a private company operating nationally in the manufacturing sector. The company's offerings include jet fuel. Founded in 1927, the company is currently headquartered in Plano, Texas, United States of America with an estimated 5500 employees. Subscribe to learn more
Campbell Oil Company
Campbell Oil Company is a private company operating regionally in the manufacturing sector. The company's offerings include jet fuel. Founded in 1948, the company is currently headquartered in Elizabethtown, North Carolina, United States of America with an estimated 750 employees. Subscribe to learn more
McKinney National Airport
McKinney National Airport is a private company operating locally in the manufacturing sector. The company's offerings include jet fuel. Founded in 1912, the company is currently headquartered in KcKinney, Texas, United States of America with an estimated 75 employees. Subscribe to learn more
Million Air Interlink
Million Air Interlink is a private company operating internationally in the manufacturing sector. The company's offerings include jet fuel and fixed-base operation services. Founded in 1984, the company is currently headquartered in Houston, Texas, United States of America with an estimated 5500 employees.... Subscribe to learn more
Signature Flight Support
Signature Flight Support is a private company operating in the manufacturing sector. The company's offerings include jet fuel.. Subscribe to learn more
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Procurement Management KPIs for the Jet Fuel Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Budget Variance and Defect Density. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Pricing and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Budget Variance |
|
Forecast fuel prices Actual fuel prices |
Buyers should determine an acceptable threshold for the difference between the budgeted and the actual fuel price. An understanding of how much actual fuel prices deviate from what is forecast will facilitate more accurate budgeting. Buyers can evaluate the budget variance on the basis of location, time period, etc. |
| Defect Density |
|
Number of units Number of defective units |
The defect density can serve as an indication of the percentage of faulty product a buyer receives. Buyers should ensure that their selected supplier maintains a defect density ratio that meets regulatory requirements, and is acceptable to the buyer. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Product Lines
What types of fuel do you provide? Do you expect to provide other types of fuel in the future?
What types of incentives are available if I bundle my purchase with a complementary service?
Supply Chain Risk
What impact would a spike in crude oil prices have on your ability to continue to operate?
How many suppliers do you currently source crude oil from?
Regulation
How do you ensure that your operations continually meet ASTM D1655 requirements?
How does high regulation impact your revenue and profit?
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Jet Fuel RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should describe their organization and the industry or industries in which they operate.
Buyers should state the types of aircraft that require jet fuel.
Statement Of Need
Buyers should indicate their preferred fuel type and specifications.
Buyers should state any other products and services that they wish to contract alongside jet fuel.
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.
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- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
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