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Jet-Fuel Shortage, $15 Gallon Prices Threaten LA World Cup

4/24/2026

46 9 Full Breakdown

Summary

Story summary

Travel experts warn the jet-fuel shortfall could jeopardize the 2026 World Cup in Los Angeles by prompting cancellations or higher fares.
California faces a summer jet-fuel shortage because the Iran war disrupts imports and two refineries have closed.
Jet-fuel inventories have fallen more than 25% to 2.6 million barrels, the lowest level since 2023.
LAX jet-fuel prices have risen to about $15 per gallon, above Denver’s $10 and Newark’s $11 rates.

History

Historical Context

In October 1973 OAPEC embargoed the United States, sending world crude from $3 to about $12 a barrel and sparking the first oil shock. The crisis led the U.S. to create the International Energy Agency. Today, Iran’s war-driven export cuts and California refinery shutdowns have pushed LAX jet-fuel to $15 per gallon, echoing 1973.

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Story summary

Travel experts warn the jet-fuel shortfall could jeopardize the 2026 World Cup in Los Angeles by prompting cancellations or higher fares.
California faces a summer jet-fuel shortage because the Iran war disrupts imports and two refineries have closed.
Jet-fuel inventories have fallen more than 25% to 2.6 million barrels, the lowest level since 2023.
LAX jet-fuel prices have risen to about $15 per gallon, above Denver’s $10 and Newark’s $11 rates.

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