Jet fuel prices surge due to Middle East conflict, impacting airlines and travelers. United Airlines CEO warns of imminent fare hikes. Prices in the US jumped from $2.50 to $3.99 per gallon in two weeks. Major oil producers cut output, causing longer flight paths and extra fuel burn. Airlines react with fare bumps and surcharges, with travelers likely facing higher base fares and add-on costs. Hedging offers limited protection, and volatile oil prices may keep fare increases in place throughout peak travel season.
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