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A group of American air cargo carriers are lobbying the Trump administration to temporarily suspend federal excise taxes oncommercial aviation fueluntil market conditions stabilize and prices begin to decline.
The National Air Carrier Association (NACA), which includesair cargogiants including Amerijet and Atlas Air, shared the concern Monday amid jet fuel prices that have soared since the start of the war in Iran.
Trump to Federal Agencies: Buy American, 'No Excuses' Maersk Faces $500 Million in Extra Monthly Costs Due to Iran War 'Something Has to Give': DHL CEO Sounds Alarm on Daily Oil Shortfall as Fuel Costs Climb Traffic through theStrait of Hormuz, which harbors the transit of roughly 20 percent of the world’s oil and natural gas supply, has largely ground to a halt amid tensions in the region.
The stalling of oil movement since the beginning of the Middle East conflict in late February has constrained global supply, ultimately puttingupward pressure on prices.
In a statement, NACA president and CEO George Novak asserted that the increased fuel costs are an industrywide issue affecting U.S.
cargo and passenger carriers alike, as well as charter operators, supplemental air carriers, regional airlines and commercial operators of all types and sizes.
“Ultimately, increasedfuel costsripple through the broader economy, increasing prices on everything transported by air,” said Novak.
“From medical supplies and electronic components to flowers, perishables and consumer goods, everything becomes more expensive for American businesses and consumers.” Carriers have experienced better news recently, with jet fuel prices having gone down five of the last six weeks, according to data from the International Air Transport Association (IATA) and Platts.
The global average jet fuel price as of May 15 fell 0.2 percent compared to the week before to $162.55 per barrel, and is down 22.2 percent from the 2026 peak on April 6 of $209 per barrel.
However, the numbers are still 63.5 percent above pre-war numbers on Feb.
27, when the weekly average price sat at $99.40 per barrel.
The subject of a gas tax suspension has been floated around Washington in an attempt to lower prices further.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | ▲ +0.34% |
| WTI Crude | $96.90/bbl | ▲ +0.21% |
| EN590 Diesel | $846/MT | ▲ +0.18% |
| Jet Fuel A-1 | $1090/MT | ▲ +0.55% |
| Mazut M100 | $450/MT | ▼ -0.15% |
| Bitumen 60/70 | $470/MT | ▲ +0.08% |
| Sulphur Gran 99.5% | $470/MT | ▼ -0.44% |
| Urea 46% Gran | $650/MT | ▲ +1.12% |
| NPK 16-16-16 | $460/MT | ▼ -0.28% |
| Nat Gas TTF | $15.42/MMBtu | ▲ +0.92% |
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