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Jet Fuel Crunch Strikes New York Airports Before Holiday

The lowest seasonal supply of jet fuel on record is pushing prices higher and leading to voluntary restrictions in the New York region as the nation’s busiest air hub prepares for a holiday rush.

Spot jet fuel in New York Harbor, the trading center for the U.S. East Coast, jumped to 22.5 cents a gallon above diesel futures this week, the biggest premium in three years. Stockpiles in the region fell to 8.83 million barrels last week, the lowest for this time of year since at least 1990, government data show. Airlines received an industrywide request yesterday to limit the fuel they take from John F. Kennedy International airport.