NYH Weekly: CBOB Spot Prices Rise 4.25%, Jet Fuel Steady


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- New York Harbor (NYH) fuel spot prices were mixed 
during the week ended July 2, as gasoline and diesel posted increases, while 
jet fuel remained largely unchanged, despite a rebound in East Coast distillate 
inventories and refinery utilization falling to its lowest level since 
mid-April.

   CBOB regular recorded the strongest weekly advance, rising 11.97cts, or 
4.25%, to average $2.9355 gallon. The gasoline grade also posted the largest 
increase from the previous year, trading 44.14% above the same period in 2025.

   Ultra-low sulfur diesel (ULSD) followed closely, increasing 11.82cts, or 
3.78%, to average $3.2457 gallon. The weekly average was 29.34% above the 
corresponding period of the previous year.

   Jet fuel prices were nearly unchanged, increasing 0.31cts, or 0.11%, to 
average $2.8671 gallon, while remaining 26.24% above the same week of the 
previous year, according to DTN data.

   The mixed performance came ahead of the long U.S. Independence Day weekend, 
as front-month WTI crude futures fell roughly 4.3% during the week, easing from 
an opening level of $70.75 bbl to below $67.70 bbl as geopolitical risk 
premiums continued to fade.

   Mixed inventory data from the U.S. Energy Information Administration also 
provided conflicting signals. PADD 1 gasoline inventories declined by 800,000 
bbl to 57.2 million bbl during the week ended June 26, leaving stocks 4.5 
million bbl below the same week of the previous year. Gasoline imports also 
declined by 179,000 bpd to 387,000 bpd.

   Distillate fuel oil inventories rose by 1.6 million bbl to 23 million bbl 
after falling the previous week to a one-year low. Meanwhile, East Coast 
distillate imports fell by 24,000 bpd to 60,000 bpd. Jet fuel inventories 
dropped by 500,000 bbl to 11.1 million bbl, leaving stocks 100,000 bbl below 
the comparable week of the previous year.

   PADD 1 crude oil inventories declined by 600,000 bbl to 7.9 million bbl, 
while crude imports fell by 111,000 bpd to 429,000 bpd from the previous week.

   Operationally, refinery activity slowed further across the East Coast, with 
refinery utilization dropping to 68.3% from 76.5% a week earlier while crude 
oil inputs declined to 617,000 bpd. No refinery outages or other supply 
disruptions were reported in the region.




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