US jet fuel consumption drops and inventories rise

19 September 2012 16:32  [Source: ICIS news]

HOUSTON (ICIS)--Inventories of jet fuel in the US rose for the week ended 14 September as consumption fell, a government agency report showed on Wednesday.

Jet fuel stockpiles fell by 1.3m bbl, according to the US Energy Information Administration (EIA).

For the week ended 14 September, jet fuel consumption was at 1.345m bbl/day, a decrease of 208,000 bbl/day from the previous week’s rate of 1.553m bbl/day.

A drop in air travel now that the summer travel season is over contributed to the lower consumption rates.

Year on year, the cumulative daily average of jet fuel consumption was 1.2% lower, the EIA said.

Furthermore, jet fuel production gained 43,000 bbl/day to 1.448m bbl/day for the week ended 14 September.

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By: Anna Matherne

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