U.S. Airlines' August 2023 Fuel Cost per Gallon Up 13.8% from July 2023; Aviation Fuel Consumption Up 1.2% from Pre-Pandemic August 2019Wednesday, October 4, 2023 The Department of Transportation's Bureau of Transportation Statistics (BTS) today released U.S. airlines' August 2023 fuel cost and consumption numbers indicating U.S. scheduled service airlines used 1.672 billion gallons of fuel, 0.3% less fuel than in July 2023 (1.678 billion gallons) and 1.2% more than in pre-pandemic August 2019. The cost per gallon of fuel in August 2023 ($2.82) was up 34 cents (13.8%) from July 2023 ($2.48) and up $0.88 (45.2%) from August 2019. Total August 2023 fuel expenditure ($4.72B) was up 13.5% from July 2023 ($4.16B) and up 46.9% from pre-pandemic August 2019. Year-over-year changes in fuel consumption and cost for August 2023 include 9.7% increase in domestic fuel consumption, 9.7% decrease in domestic fuel cost, and 17.7% decrease in cost per gallon. Domestic fuel consumption decreased 0.3% from July 2023 to August 2023, while increasing 1.4% from August 2019. Increased fuel consumption reflects an increase in airline passenger travel over the same period.
Fuel consumed by U.S. airlines (total) scheduled service:
Fuel cost per gallon for U.S. airlines (total) scheduled service:
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| August 2019 | $3.21 billion |
| August 2022 | $5.22 billion |
| July 2023 | $4.16 billion |
| August 2023 | $4.72 billion |
Fuel Cost and Consumption data from January 2000 to the present can be found at https://transtats.bts.gov/fuel.asp. Summaries by month are also available.
Airline fuel costs may be affected by hedging, contracts that allow airlines to limit exposure to future price changes. None of the cost numbers are adjusted for inflation. The month-to-month numbers are not seasonally adjusted.
Individual airline numbers through June 2023 are available on the BTS website.
Please Note:
The information provided within BTS statistical releases may not be based on 100% of reporting carriers. Generally, data are released per schedule if reports have been received from at least 90% of the carriers, along with data from all the major carriers. Regarding this release, the following carriers remain pending: Elite Airways (2HQ), Aloha Air Cargo (KH) and Northern Air Cargo (NC). Also, within text, percent change results may not be exact due to rounding.
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