EIA data show kerosene-type jet fuel spot price at $4.388 per gallon in September 2026 after record US output

Monthly spot prices, April to September 2026

The EIA spot price table reports crude oil in dollars per barrel and products in dollars per gallon^[1]. According to the EIA, weekly, monthly, and annual prices are calculated by EIA from daily data by taking an unweighted average of the daily closing spot prices for a given product over the specified time period.^[1] The table carries a release date of 10/7/2026 and a next release date of 10/15/2026^[1].

For kerosene-type jet fuel, the EIA monthly series records 3.928, 3.943, 3.042, 3.403, 3.724 and 4.388^[1] dollars per gallon for the months Apr-26, May-26, Jun-26, Jul-26, Aug-26 and Sep-26^[1] respectively.

Crude oil prices in the same table follow a similar pattern. WTI at Cushing, Oklahoma, is recorded at 100.32, 102.13, 84.81, 80.46, 83.90 and 97.31^[1] dollars per barrel from April to September. Brent in Europe is recorded at 117.29, 107.14, 85.40, 83.76, 91.08 and 114.16^[1] dollars per barrel over the same months.

Among other products, U.S. Gulf Coast ultra-low-sulfur No. 2 diesel fuel is recorded at 3.915, 3.862, 3.357, 3.873, 4.208 and 4.886^[1] dollars per gallon. U.S. Gulf Coast regular conventional gasoline is recorded at 3.240, 3.491, 3.012, 3.277, 3.323 and 3.732^[1] dollars per gallon.

Price increases and the production response

An EIA Today in Energy article reported that weekly estimates suggest U.S. jet fuel production has increased to record highs in response to elevated jet fuel prices after the Strait of Hormuz closed on February 28.^[2] The article stated that higher crude oil prices and supply concerns, particularly in Europe and Asia, which previously imported much of their jet fuel supply from the Persian Gulf, have driven up jet fuel prices.^[2]

On production volumes, the EIA reported that U.S. jet fuel production has increased since February 28 when the four-week average production was 1.7 million barrels per day (b/d).^[2] In the week ending May 1, the four-week average estimate of U.S. jet fuel production surpassed 2.0 million b/d for the first time on record.^[2] According to the EIA, the increased production reflects both above-average refinery runs and strategic shifts to increase jet fuel yields.^[2]

The same article stated that U.S. refiners have been maximizing jet fuel production to take advantage of high jet fuel prices and margins.^[2] From March through May, U.S. Gulf Coast Jet Fuel Spot prices averaged $3.91 per gallon (gal), about double the price at the start of the year and higher than the regional spot prices for both gasoline and diesel fuel.^[2] The jet fuel crack spread on the U.S. Gulf Coast, an indicator of the profitability of refining crude oil into jet fuel in the region, averaged $1.25/gal in the same period, up from $0.42/gal at the start of the year.^[2] The EIA added that jet fuel prices at other major global trading hubs—such as Amsterdam, Rotterdam, Antwerp (ARA) and Singapore—also averaged about double their start-of-year prices from March to May and had higher jet fuel crack spreads.^[2]

Exports and inventories

According to the EIA, jet fuel prices in Europe and Asia traded at significant premiums to the U.S. Gulf Coast in March and April, attracting sources to replace imports from the Middle East.^[2] In response to the price increases abroad, weekly estimates based on transactional trade data from U.S. Customs and Border Protection indicate U.S. jet fuel exports reached record highs in April and May.^[2] The article stated that much of the increased U.S. jet fuel production is being exported, as domestic inventories remain above average.^[2]

At the time of that article, the EIA reported that jet fuel prices in Europe and Asia are now closer to U.S. Gulf Coast prices, and prices are lower than their April peaks in all three regions as concerns of an imminent jet fuel shortage have eased.^[2]

On stocks, despite increased export demand, jet fuel inventories in the United States have remained above average.^[2] U.S. jet fuel inventories as of May 29 totaled 45 million barrels, 7% above the 2021–2025 average.^[2] Inventories in the U.S. West Coast, the U.S. region that relies most heavily on jet fuel imports, also remain above average.^[2] The EIA article stated that if the recent decline in imports to the West Coast continues, the region may need to increase draws from inventories.^[2]

Official consumption figures for 2024

EIA International Energy Statistics, compiled by Eurabelt Fuels Global Statistics, record jet fuel consumption in thousand barrels per day, annual, for the reference period 2024, with 216 countries reporting and a world total of 6,947 thousand barrels per day.^[3]

In 2024, United States ranked first with 1,690 thousand barrels per day, followed by China (753.9) and United Kingdom (263.2).^[3] Together the top three accounted for 38.97% of the world total.^[3] The ranking records the United States at 1,690 thousand barrels per day, a 24.33% share and a change of +2.23%^[3] on 2023. China is recorded at 753.9 thousand barrels per day, a 10.85% share and a change of +8.87%^[3]. The United Kingdom is recorded at 263.2 thousand barrels per day, a 3.79% share and a change of +9.26%^[3].

Further down the ranking, Japan is recorded at 240.8 thousand barrels per day^[3], Russia at 239.0 thousand barrels per day^[3] and the United Arab Emirates at 211.7 thousand barrels per day^[3]. Germany is recorded at 194.4 thousand barrels per day, with a change on 2023 of -5.02%^[3]. Singapore is recorded at 153.7 thousand barrels per day^[3]. The figures were retrieved 2026-10-06 16:55:42 UTC^[3].

Eurabelt Publications Summary

EIA monthly data record the kerosene-type jet fuel spot price at 4.388^[1] dollars per gallon for Sep-26^[1], with Brent at 114.16^[1] dollars per barrel. The EIA reported that U.S. jet fuel production has increased to record highs in response to elevated jet fuel prices after the Strait of Hormuz closed on February 28.^[2] In the week ending May 1, the four-week average estimate of U.S. jet fuel production surpassed 2.0 million b/d for the first time on record.^[2] The EIA also reported that U.S. jet fuel exports reached record highs in April and May.^[2] U.S. jet fuel inventories as of May 29 totaled 45 million barrels, 7% above the 2021–2025 average.^[2] For consumption, in 2024, United States ranked first with 1,690 thousand barrels per day^[3], out of a world total of 6,947 thousand barrels per day^[3].

Further official reading

• Energy & Financial Markets: What Drives Crude Oil Prices? — U.S. Energy Information Administration
• crack spread — U.S. Energy Information Administration
• U.S. jet fuel exports reached record highs — U.S. Energy Information Administration
• oil/petroleum — U.S. Energy Information Administration
• production/supply — U.S. Energy Information Administration
• consumption/demand — U.S. Energy Information Administration