US jet fuel consumption drops 1.5% despite lower stocks

12 December 2012 20:58  [Source: ICIS news]

HOUSTON (ICIS)--Consumption of US jet fuel declined for the week ended 7 December even as stockpiles fell, a government agency’s report showed on Wednesday.

Jet fuel inventories fell by 200,000 bbl to 39.9m bbl/day, according to the US Energy Information Administration (EIA).

Meanwhile, for the week ended 7 December, jet fuel consumption was at 1.487m bbl/day, down from the previous week’s rate of 1.509m bbl/day, the EIA said.

Jet fuel production gained last week, moving 3.3% higher to 1.494m bbl/day.

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By: Anna Matherne

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