Increasing U.S. air travel at the start of 2021 has contributed to increase in demand for kerosene-type jet fuel in the United States.
- The jet fuel supply has been slower than the increases in the product supplied in other refined petroleum products, more so motor gasoline and distillate fuel oil.
- US refineries have increased refinery runs to increase gasoline and distillate fuel oil production to meet increasing demand.
- Relatively less jet fuel is being withdrawn from inventories, and US jet fuel inventories have increased since May 2021.
- Inventory levels in the East Coast, Midwest, and Gulf Coast have been increasing and are close to their five-year highs. As of July 23, total jet fuel inventories were more than 45 million barrels, 9.9% higher than the five-year average.
The current U.S. inventory levels for gasoline and distillate fuel oil reflect the balance between increasing refinery production and rising demand for transportation fuels.
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