Plane taking off at IAH. Photo: Reginald Mathalone/NurPhoto via Getty Images
Austin travelers might soon have to pay more to fly if airlines decide to raise ticket prices due to higher jet fuel prices.
Why it matters: Flights out of the Austin airport have already skewed pricier than the national average since 2024, making summer travel more expensive.
State of play: The price of jet fuel rose to $4.57 per gallon Friday, up from $2.50 the day before the Iran war began.
Jet fuel accounts for more than 40% of airlines' operating expenses, and a small commercial jet like a Boeing 737 consumes as many as 2,700 gallons during a three-hour flight, roughly the flying time from Austin to Pittsburgh.