• 3 minutes Will Iron-Air batteries REALLY change things?
  • 7 minutes Natural gas mobility for heavy duty trucks
  • 11 minutes NordStream2
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours U.S. Presidential Elections Status - Electoral Votes
  • 16 hours Evergrande is going Belly Up.
  • 7 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 23 hours Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 4 days Poland Expands LNG Powered Trucking and Fueling Stations
  • 4 days World’s Biggest Battery In California Overheats, Shuts Down
  • 3 days The unexpected loss of output from wind turbines compels UK to turn to an alternative; It's not what you think!
  • 11 hours Forecasts for Natural Gas
  • 2 days Ten Years of Plunging Solar Prices
  • 3 days Extraction of gasoline from crude oil.

U.S. Jet Fuel Stocks Continue To Rise As Production Outpaces Demand

Despite a marked rise in U.S. air travel numbers this year compared to 2020, jet fuel inventories have climbed in recent months as refiners boosted production, while jet fuel demand is still lower than pre-pandemic levels.

Refiners in the United States have raised jet fuel production by almost 8 percent, or 102,000 barrels per day (bpd), since the first week of May, the Energy Information Administration (EIA) said on Wednesday.

However, as of July 23, the combined total U.S. jet fuel inventory was 9.9 percent higher than the five-year (2016–2020) combined average due to increased jet fuel production and lower product supplied.

To compare, as of the same day, July 23, U.S. gasoline inventories were down 0.6 percent, and the combined total distillate fuel oil inventory was 6.8 percent below the five-year combined average.

Airline travel across the United States is picking up, but not at the same rate as car travel, which has led the recovery in gasoline consumption.

The U.S. Transportation Security Administration screened 2,238,462 people at airport security checkpoints on Sunday, August 1, which was the highest checkpoint volume since the start of the pandemic, TSA Public Affairs spokesperson Lisa Farbstein tweeted on Monday.

Per EIA data, as of July 23, jet fuel product supplied—used as a proxy for jet fuel demand—was 14.8 percent lower than the pre-pandemic five-year average.

As a result of lower than pre-pandemic demand but rising jet fuel production, U.S. inventories of jet fuel have risen to 44.974 million barrels of kerosene-type jet fuel for the week ending July 16, and further, to 45.053 million barrels for the week to July 23.           

In addition, transportation constraints in the West Coast and the Rockies have also recently restricted supply to airports, the EIA said. These constraints, including limited pipeline or trucking capacity, would also have some—although a more limited—effect on the amount of jet fuel product supplied, the EIA added.  

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • George Doolittle on August 05 2021 said:
    Total insanity at nearly all US Airports at the moment.

    Good lesson in "how not to reopen" absolutely let alone run an Airline in every possible way.

    Anyhow "people pay for that!" no doubt.
    I'd love to know who lends these Airlines so much as a penny at the moment.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News