US jet fuel consumption falls, inventories rise

11 July 2012 17:13  [Source: ICIS news]

HOUSTON (ICIS)--US jet fuel consumption for the week ended 6 July fell, causing a build-up of inventories, a government agency’s report released on Wednesday showed.

Consumption of jet fuel in the US dropped from 1.593m bbl/day to 1.458m bbl/day for the week, according to the US Energy Information Administration (EIA).

Compared with the cumulative daily average for the same time period last year, jet fuel consumption was 0.4% lower.

Accordingly, jet fuel inventories posted gains for the week, increasing by 1.1m bbl to 38.9m bbl. In the previous week, inventories totalled 37.8m bbl, the EIA said.

For the week to 6 July, US jet fuel production totalled 1.684m bbl/day, a rise of 127,000 bbl/day from the previous week, when production totalled 1.557m bbl/day.

The US Gulf coast region posted the largest gains in production, reaching 828,000 bbl/day for the week after producing 756,000 bbl/day in the previous week.

By: Anna Matherne

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