The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ July fuel cost and consumption numbers indicating U.S. scheduled service airlines used 1.52 billion gallons of fuel, 5.6% more fuel than in June 2022 (1.44B gallons) and 9.5% less than in pre-pandemic July 2019. The cost per gallon of fuel in July 2022 ($3.71) was down 33 cents (8.2%) from June 2022 ($4.04) and up $1.73 (87.4%) from July 2019. Total July 2022 fuel expenditure ($5.64B) was down 3.3% from June 2022 ($5.83B) and up 69.9% from pre-pandemic July 2019.

At $4.04, the cost per gallon of fuel in June was the highest since May 2022 $3.90. Year-over-year increases in fuel consumption and cost for July include 2.9% in domestic fuel consumption, 90.0% in domestic fuel cost, and 84.9% in cost per gallon.  Domestic fuel consumption increased 5.6% from June to July in 2022, but deceased 7.0% from July 2019.  Increased fuel consumption reflects an increase in airline passenger travel over the same period.

Fuel consumed by U.S. airlines (total) scheduled service:
July 2019:      1.68 billion gallons
July 2021:      1.35 billion gallons
June 2022:    1.44 billion gallons
July 2022:     1.52 billion gallons
 

Fuel cost per gallon for U.S. airlines (total) scheduled service:
July 2019:       $1.98
July 2021:       $1.99
June 2022:     $4.04
July 2022:       $3.71

Total fuel cost for U.S. airlines (total) scheduled service:
July 2019:      $3.32 billion
July 2021:      $2.68 billion
June 2022:    $5.83 billion
July 2022:      $5.64 billion

Fuel Cost and Consumption data from January 2000 to the present can be found at https://www.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. 
Individual airline numbers through March 2022 are available on the BTS website. 

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