US jet fuel consumption rises, inventories fall

17 October 2012 16:14  [Source: ICIS news]

HOUSTON (ICIS)--Consumption of jet fuel in the US rose for the week ended 12 October, while stockpiles dropped, a government agency’s report said on Wednesday.

Jet fuel consumption was at 1.605m bbl/day, an increase of 196,000 bbl/day from the week ended 5 October, which was at 1.409m bbl/day, according to the US Energy Information Administration (EIA).

For the week ended 12 October, jet fuel inventories were at 43m bbl, 1.1m bbl lower from the previous week.

Year on year, the cumulative daily average of jet fuel consumption was 0.8% lower, the EIA said. Last week, that average was 1.2%.

Furthermore, jet fuel production decreased by 33,000 bbl/day to 1.421m bbl/day for the week ended 12 October.

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By: Anna Matherne

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