The Ultimate Guide to Kerosene Price Data 2022
What is Kerosene Price Data?
Kerosene is a component for the manufacture of jet fuel, based on either unleaded kerosene (Jet A-1) or naphtha-kerosene (Jet B) that can find applications in either compression ignition engines or turbine engines. Tracking down the price of kerosene gives an overview of the trends and shifts in international air travel. While kerosene still finds wide usage in less-developed countries for home cooking and lighting purposes, more developed countries like the USA mainly use its blend form for aircraft’s propulsion.
How is Kerosene Price Data collected?
Just like other fuel price data, users collect jet kerosene price data from a cross-section of the market that consists of consumers, producers, traders, and distributors across the globe. When releasing data on changes in fuel prices, energy regulatory agencies also highlight the jet kerosene price shifts and how these changes are set to affect the aviation industry. In the USA, the US Energy Information Administration forms the primary source of fuel price data that is updated daily.
What are the attributes of Kerosene Price Data?
The core attributes of jet kerosene price data are that the data offers a comprehensive analysis of factors and developments that have a direct bearing on the prices of jet kerosene across markets. These attributes include:
• Price reporting - This attribute gives information concerning the price reports of jet kerosene, and the assessment of these prices as per market coverage.
• Price history - As far as price history is concerned, jet kerosene price data provides a historical evaluation of the transformation in price..
• News trends and analysis - When tracking down the price changes of jet kerosene, this data also offers an overview of breaking news and developments that affect the price of this fuel.
What is Kerosene Price Data used for?
An informed insight into regional kerosene price markets is a common motivation for getting pricing information. Kerosene price data provides detailed assessments and market coverage that are dependable as they offer a glimpse of the latest developments in the aviation industry. This dataset is critical as users apply it to define the forces behind price fluctuations, understanding these fluctuations, and developing analytical models that could go a long way in fostering the user’s settlements and contracts when negotiating deals in the aviation industry.
How can a user assess the quality of Kerosene Price Data?
A user can assess the quality of jet kerosene price by considering the three aspects: observation, price units that account for exchange rates, and the frequency of data delivery.
The observation aspect identifies the precise time when the data is collected and last updated. By the time, the data should capture the exact date and the recorded value of the price at that particular date.
Units refer to the price aspect per a given volume of the fuel. In the USA, the price of fuel data providers uses dollar units per gallon. The user needs to be able to identify whether the data provider seasonally adjusts the currency unit according to inflation rates.
Frequency is a quality aspect that refers to how often the data is updated. Because not all data providers run in real-time, the user must observe how regularly their kerosene price data is updated. A daily update regime is an indicator of quality because it gives a real-time shift in patterns of the price for the fuel.
How can I get Kerosene Price Data?
You can get Kerosene Price Data via a range of delivery methods - the right one for you depends on your use case. For example, historical Kerosene Price Data is usually available to download in bulk and delivered using an S3 bucket. On the other hand, if your use case is time-critical, you can buy real-time Kerosene Price Data APIs, feeds and streams to download the most up-to-date intelligence.