U.S. Jet Fuel Inventories Grow as Consumption Stagnates

U.S. jet fuel demand dipped by 18,000 barrels per day (b/d) to 1.754 million b/d for the week ended Friday. This figure sits 26,000 b/d below the four-week average, though it remains 50,000 b/d higher than levels recorded one year ago. Domestic production tracked this stability, edging up by 5,000 b/d to reach a total output of 2.03 million b/d.

Regional production trends were similarly incremental. The Midwest saw the most significant growth, with output rising 7,000 b/d to 362,000 b/d, while the Gulf Coast gained 4,000 b/d to reach 1.095 million b/d. Conversely, production on the East and West Coasts saw marginal contractions of 3,000 b/d and 1,000 b/d, respectively.

Inventory shifts provided the week's most distinct movement. National stocks rose by 180,000 barrels, marking the second consecutive week that total reserves have stayed below the 46-million-barrel threshold. The East Coast and West Coast saw inventory builds of 273,000 and 255,000 barrels, respectively. In contrast, the Gulf Coast experienced a drawdown of 515,000 barrels, bringing regional stocks down to 14.304 million barrels—the area's lowest level since May 29.