01 August 2012 17:33 [Source: ICIS news]
HOUSTON (ICIS)--US jet fuel inventories rose despite an increase in consumption for the week ended 27 July, a government agency’s report showed on Wednesday.
Jet fuel inventories gained 1.1m bbl to 40.6m bbl for the week ended 27 July, according to the US Energy Information Administration (EIA).
For that same week, consumption of jet fuel in the US increased by 238,000 bbl/day to a rate of 1.502m bbl/day.
Compared with the cumulative daily average for the same time period in 2011, jet fuel consumption is 1.1% lower, the EIA said.
As the summer travel season nears its end, jet fuel consumption is expected to decline.
For the week ended 27 July jet fuel production was 189,000 bbl/day higher at a rate of 1.686m bbl/day. In the previous week, production was at 1.497m bbl/day. The US Gulf and midwest regions posted production rate gains for that week.
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