Midwest Jet Fuel Basis Mixed Amid Weekly Stock Draw


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- Midwest spot jet fuel cash market was mixed Wednesday, 
with Chicago basis strengthening modestly, while Group 3 values fell sharply, 
even as Energy Information Administration (EIA) data showed a weekly decline in 
jet fuel inventories. 

   Chicago jet fuel basis strengthened by 2cts to a 38cts discount to September 
NYMEX ULSD futures, extending Tuesday's 15cts gain. In contrast, Group 3 jet 
fuel was talked at a 75cts discount to September ULSD, weakening 16cts on the 
day.

   EIA data released Wednesday showed regional jet fuel inventories fell by 
600,000 bbl to 7.3 million bbl during the week ended July 24, while remaining 
300,000 bbl above year-ago levels.

   PADD 2 distillate fuel oil inventories fell by 400,000 bbl to 28.2 million 
bbl. That weekly draw placed regional distillate inventories 2.3 million bbl 
higher than the 25.9 million bbl logged during the corresponding week last year.

   Refiner use of crude in the Midwest stood at 4.336 million bpd last week, 
compared to 4.280 million bpd the week prior and 4.133 million bpd a year ago. 
Regional refinery utilization rose to 101.4% versus the prior week's 100.3% and 
remained well above the year-ago level of 97.3%. 




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