The price of a barrel of jet fuel cost $99 on February 27, the day before the United States’ war with Iran began, a price that doubled to $209 by April and has since settled at around $195 per barrel in mid-September. That in turn has led to a surge in airfare prices that have remained stubbornly high even as the price of kerosene fluctuates; the average fare increased from $405 in the final three months of 2025 to $428 in the first quarter and remained $436 in the April-June period; Hopper, which tracks fares, expects the price of a round-trip ticket for Thanksgiving travel to come in 31 percent higher than last year.
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