US jet fuel inventories hold steady, consumption falls

20 June 2012 17:04  [Source: ICIS news]

HOUSTON (ICIS)--Consumption of US jet fuel dropped for the week ended 15 June, while inventories remained the same, according to a government report released on Wednesday.

US jet fuel consumption decreased by 112,000 bbl/day to 1.533m bbl/day for the week ended 15 June, according to the US Energy Information Administration (EIA). Compared with the prior week, consumption is 6.8% lower.

The busier summer travel season had caused consumption to rise the past few weeks, but it has remained about 1.4% lower than the cumulative daily average for the same time one year prior, according to the EIA.

Production of US jet fuel increased by 32,000 bbl/day to 1.609m bbl/day for the week ended 15 June, while inventories held steady at 39.2m bbl/day.

Furthermore, jet fuel imports decreased by 53,000 bbl/day to 4,000 bbl/day. The prior week, imports were at 57,000 bbl/day.

By: Anna Matherne

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