LA Jet Fuel Opens June Higher by 5cts on Refinery Constraints


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- Prompt Los Angeles jet fuel basis strengthened Monday 
(6/1), with spot values climbing despite higher regional inventories and 
imports as refinery closures continued to limit West Coast fuel production 
ahead of the summer travel season.

Los Angeles jet fuel basis opened June on firmer footing, trading at a 13cts 
premium to July NYMEX ULSD futures on Monday (6/1), up by 5cts from the 
previous assessment as refinery constraints continued to support West Coast 
middle distillate markets.

The market has remained volatile in recent weeks. Earlier in May, Los Angeles 
jet fuel basis surged by 15cts to a 60cts premium after rebounding from a sharp 
correction that followed the record $1.10 gallon premium reached in late April, 
the highest level ever recorded for the market.

According to U.S. Energy Information Administration data for the week ending 
May 22, jet fuel inventories in the West Coast region climbed by 200,000 bbl to 
10.8 million bbl from 10.6 million bbl the previous week and were 200,000 bbl 
higher than the same week last year.

PADD 5 jet fuel imports increased by 1,000 bpd to 13,000 bpd during the 
profiled week and were 10,000 bpd higher than the same period last year, EIA 
data showed.

    




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