LA Jet Fuel Basis Slips by 11cts

LA Jet Fuel Basis Slips by 11cts


   LA Jet Fuel Basis Slips by 11cts

   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) --Los Angeles jet fuel basis lost 11cts of its premium on 
Thursday (3/12) on lower demand, bringing the products current basis to 10cts 
above April ULSD futures.

   Jet fuel inventories on the West Coast were unchanged at 11.1 million bbl on 
a weekly basis and were slightly lower year-over-year. Imports for jet fuel in 
the region were 44,000 bpd in the respective week compared to 104,000 bpd last 
week, still lower by 47,000 bpd in the same week of the prior year.

   Refinery utilization in PADD 5 rose to 83.8% last week compared to 79.6% the 
previous week, EIA data showed.




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