LA Jet Fuel Basis Slips, Factoring in Imports Surge


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- Los Angeles jet fuel basis weakened Friday (6/5), with 
spot values moving lower as higher import volumes helped ease near-term supply 
concerns in the West Coast market.
Los Angeles jet fuel traded at a 3cts discount to July NYMEX ULSD futures. 
During Thursday's final assessment, it was at a premium of 4cts to the NYMEX 
benchmark, meaning a drop of 7cts on the day for the basis.

   Jet fuel inventories in PADD 5 were unchanged at 10.8 million bbl in the 
week ended May 29, according to the Energy Information Administration's Weekly 
Petroleum Status Report. Inventories were 1 million bbl lower than the same 
week last year.
Jet fuel imports into the region climbed by 99,000 bpd to 124,000 bpd during 
the reporting week, though volumes remained 50,000 bpd below the level reported 
during the same period in 2024. The increase in imports likely helped offset 
the impact of below-year-earlier inventory levels and contributed to softer jet 
fuel basis values Friday.




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