Houston, New York Harbor Jet Fuel Basis Drop on Weak Demand


   
Maria Eugenia Garcia
DTN Energy Editor

   HOUSTON, TX (DTN) -- The basis for jet fuel at the Houston origin of the 
Colonial Pipeline in the Gulf Coast spot market dipped 3cts to a 18.5 cts 
discount to February ULSD futures on the New York Mercantile Exchange on 
Tuesday (1/27), amid weak demand driven by a winter storm affecting the region.

   Meanwhile, jet fuel basis in New York Harbor spot market weakened by 1 cent 
discount to February ULSD futures, with prices talked at a 28cts discount 
against the same benchmark. Basis in the New York Harbor market had drastically 
weakened this week, with trades slumping to over 12cts compared to Friday 
(1/23).

   Weaker basis in PADD 1 and PADD 3 are being driven by sluggish jet fuel 
buying interest, as massive flight cancellations and delays have been reported 
in recent days due to a severe weather condition caused by an Arctic blast 
affecting the USGC and Atlantic coasts.




(c) Copyright 2026 DTN, LLC. All rights reserved.