Jet Fuel Prices Drop to Recent Lows, But Airfares Expected to Stay High

Travelers hoping for a break on airfare may be waiting a while longer, even as jet fuel prices have dropped significantly. According to aviation experts, the average price of jet fuel has fallen to its lowest level since the war with Iran began — but that relief at the pump isn’t expected to translate into cheaper plane tickets, at least not in the near term.

Industry experts say that while lower fuel costs are a welcome development for airlines, passengers should not count on seeing those savings reflected in the price of their tickets anytime soon. Airfares are expected to remain high for the time being, despite the decline in one of the airline industry’s biggest operating expenses.