LA Jet Fuel Basis Dips 10cts in Continued Volatility


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- The basis for prompt Los Angeles jet fuel weakened 
Wednesday (5/6), falling by 10cts to a 50cts premium above June NYMEX ULSD 
futures, as higher inventory numbers triggered another bout of volatility for a 
market that saw record high premiums last month.

   In the prior session, the basis rose 15cts to a 60cts premium against June 
ULSD.

   Los Angeles jet fuel values have broadly retreated over the past week from 
the record $1.10 gallon premium reached in late April.

   Los Angeles diesel also witnessed trades on Wednesday, where it was last 
seen at a 30cts premium to June NYMEX ULSD futures, up by 10cts on the day. 
That signaled renewed firmness in the diesel market even as jet fuel values 
softened.

   Jet fuel inventories in the U.S. West Coast climbed by 400,000 bbl last week 
to 11 million bbl and were 1 million bbl higher from a year ago, the Energy 
Information Administration reported Wednesday.

   Distillate fuel oil inventories in the PADD 5 region were unchanged at 10.1 
million bbl during the week ended May 1, but were 1 million bbl lower than the 
volume reported in the same period last year, the EIA data showed. 




(c) Copyright 2026 DTN, LLC. All rights reserved.