Houston — Jet fuel differentials on the US Atlantic Coast climbed to their highest levels in 16 months Monday as stock levels in the region continue to sag.
S&P Global Platts assessed jet barrels on Buckeye Pipeline in New York Harbor at the NYMEX February ULSD futures contract plus 13 cents/gal. That was up 4 cents from Friday and highest since it reached plus 14.50 cents/gal on September 7, 2017.
USAC jet fuel inventories fell 656,000 barrels to 8.29 million barrels, according to the latest US Energy Information Administration data. That was down just over a million barrels from the same period last year.
"I'm having trouble finding sellers," a USAC distillates broker said.
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