3 ms·
That's a great deal. Jet Fuel (Kerosene) closed at $3.135/gallon today[1]. And that doesn't include the cost of transporting it from the Gulf Coast to where yo
by Sukotto 14y ago
That's a great deal.
Jet Fuel (Kerosene) closed at $3.135/gallon today[1]. And that doesn't include the cost of transporting it from the Gulf Coast to where your Navy needs it.
[1] Sep 28, 2012: http://www.eia.gov/dnav/pet/pet_pri_spt_s1_d.htm http://www.eia.gov/dnav/pet/pet_pri_spt_s1_d.htm
- ChuckMcM 14y agoTo be fair you have to subtract off Federal taxes which the government doesn't pay for the fuel it buys which brings it down closer to $2/gal.
- dalke 14y agoThat quoted price was the spot price. It doesn't include Federal or other taxes. Let's suppose that it did include taxes. Federal tax for jet fuel for non-commercial-aviation use is 21.9¢/gal so even if the quoted price of $3.135/gal included federal tax, the without-tax price would still be $2.916/gal, which is a lot closer to $3/gal than $2/gal. (Gas for commercial aviation use is also subject to the federal transportation tax and harder for me to figure out.)