Given everything that has happened in the U.S. economy over the last two years, it likely won’t surprise you to hear that jet fuel consumption among U.S. carriers for domestic and international routes is down almost 20% since its July 2008 peak. In liquid fuel terms, we’re using almost 10.5-million less gallons a day.
But that is just the most recent peak in terms of jet fuel consumption. The real peak came in August of 2001, before 9/11 changed everything in air travel. And we’re now down 23% from that particular peak.
Bets on whether or when we pass the July 2008 peak? The August 2001 peak? Make your case.