New York Jet Fuel Hits All-Time Low as Inventories Build
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New York jet fuel slumped to the lowest level on record versus futures as supplies rose to a seasonal high on the U.S. East Coast.
Inventories of jet fuel on the coast, the PADD 1 region, increased 803,000 barrels to 10.4 million barrels in the week ended April 12, according to Energy Information Administration data. That’s the highest level for this time of year since 2010 and 3.7 percent lower than the five-year average.