N.Y., Gulf Jet Fuel at 19-Month High Levels Amid Refinery Work
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Spot jet fuel spreads in New York and on the Gulf Coast reached their highest levels in 19 months as Hovensa LLC reduced rates at its St. Croix refinery in the U.S. Virgin Islands and airlines flew more.
The rates were lowered while a unit is started to replace a distillate desulfurization unit damaged in a Feb. 11 fire, Alex Moorhead, a Hovensa spokesman, said in an e-mail yesterday.