LA Jet Fuel Basis Lifts by 11cts


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) --Los Angeles jet fuel basis gained 11cts of its premium on 
Tuesday (3/17) on lower demand, bringing the products current basis to 25cts 
above April ULSD futures, after a trade was confirmed at that level.

   Jet fuel inventories on the West Coast were unchanged at 11.1 million bbl on 
a weekly basis and were slightly lower year-over-year. Imports for jet fuel in 
the region were 44,000 bpd in the respective week compared to 104,000 bpd last 
week, still lower by 47,000 bpd in the same week of the prior year.

   Refinery utilization in PADD 5 rose to 83.8% last week compared to 79.6% the 
previous week, EIA data showed.




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