The Jet Market Analysis section of the May 2, 2022 issue of Oilgram Price Report should have read as follows:

US Gulf Coast, West Coast hits new highs

Jet fuel prices rose on the US Gulf Coast soared to new record highs for the third consecutive session May 2, as market players in every region struggled to find the balance between price and supply in the new post-Russian invasion fundamentals.

S&P Global Commodity Insights assessed benchmark USGC jet on the final day of trading for Colonial Pipeline's prompt 26th cycle at $4.3249/gal, up 10.27 cents and highest on record since Platts began assessing the product.

The US Atlantic Coast benchmark, Buckeye Pipeline jet in New York Harbor, also showed gains on the day, rising 5.42 cents to $5.5714/gal. .

USAC market players say the region is still starved for supply, with offers now far above the last traded value of NYMEX ULSD futures plus $1.5000/gal, which occurred April 29.

Cycle 21, the next Colonial Pipeline cycle to arrive into New York Harbor, is currently scheduled for Saturday, May 7. However, the pipeline has been pushing back delivery dates for recent cycles, so traders must play wait and see.

Prices also reached all-time highs on the US West Coast, with benchmark Los Angeles jet fuel rising 15.77 cents to $4.5749/gal. That eclipsed the previous record high for Los Angeles jet of $4.4391/gal set on April 27.

US Midwest prices started the week slightly under their all-time highs reached last week.

Q grade jet fuel at Tulsa, Oklahoma fell 44.73 cents to $4.5949, retreating from its all-time high of $5.0422 from the previous trading session.

Chicago pipeline jet rose 18.77 cents day on day to $4.4349/gal, down from its record high of $4.4898 on April 26.