As March came to a close, the cost of jet fuel hit a new record price of $3.455 per gallon in New York.

After rising 10 cents per gallon from January to February, jet fuel prices have soared another 69 cents in one month. During March, one cargo airline, Cargolux, raised its fuel surcharge every week.

Prices around the world are climbing almost as quickly as in New York. In Los Angeles, the price of jet fuel climbed from $2.767 in February to $3.182 on March 28. On the U.S. Gulf Coast, jet fuel prices increased from $2.728 in February to $3.137 on March 28. Outside the United States, Rotterdam reported selling jet fuel for $3.151 on March 28, up from $2.808 in February. In Singapore, the cost was $3.10 on the 28th, up from $2.643 in February.