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New York Jet Fuel Premium Surges Ahead of Holiday Travel

OIL PRODUCTS

New York jet fuel’s premium over diesel futures has surged by 65% amid a pick-up in demand as the Thanksgiving holiday season approaches.

  • Spot jet fuel in New York has jumped to a 24.75 cents/gal premium over Nymex diesel futures, according to Bloomberg and General Index data, the highest since April.
  • Implied aviation demand has risen 10% in the past two weeks ahead of the US holiday season.
  • East coast jet fuel inventories have been declining for four straight weeks and are at a near eight-month low.

Source: Bloomberg

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