US jet fuel inventories rise as consumption falls

26 September 2012 16:17  [Source: ICIS news]

HOUSTON (ICIS)--Inventories of jet fuel in the US increased for the week ended 21 September, while consumption dropped, a government agency said on Wednesday.

Jet fuel stockpiles gained 600,000 bbl to 44m bbl, according to the US Energy Information Administration (EIA). The previous week’s inventories were at 43.4m bbl.

For the week ended 21 September, jet fuel consumption was at 1.331m bbl/day, a drop of 14,000 bbl/day from the previous week’s rate of 1.345m bbl/day.

A drop in air travel, caused by the end of the summer travel season, contributed to the lower consumption rates.

Year on year, the cumulative daily average of jet fuel consumption was 1.3% lower, the EIA said.

Furthermore, jet fuel production held relatively steady, dropping by 15,000 bbl/day to 1.476m bbl/day for the week ended 21 September.

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By: Anna Matherne
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