Energy

New York jet fuel gets pricier due to Colonial Pipeline outage

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American Airlines planes at LaGuardia Airport

Leslie Josephs | CNBC

Jet fuel prices have surged nationwide, especially in the New York City area, due to the Colonial Pipeline cyberattack outage, which ended Wednesday afternoon.

Colonial Pipeline said it resumed operations around 5 p.m. but that the system would not be fully functional immediately.

The premium on jet fuel prices in New York Harbor was nearly $1.87 a gallon on Tuesday, close to 9 cents more than the U.S. Gulf Coast price, the largest premium since February 2020 and almost 40% more than a week ago, according to S&P Global Platts.

Several airlines, including Delta Air Lines, United Airlines and JetBlue Airways, said their…



Source cnbc.com

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