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East coast jet fuel prices decline from record highs… EIA

You are here: Home / Commodity Research / East coast jet fuel prices decline from record highs… EIA

May 6, 2022 by Jim Colburn Leave a Comment

From the EIA’s This Week in Petroleum, here…

”Aside from pandemic-related disruptions to petroleum product supply and demand, the East Coast’s loss of the 335,000 b/d Philadelphia Energy Solutions refinery in mid-2019 has affected refinery output of all petroleum products in the region, including jet fuel. The loss of this refinery, which closed due to an explosion in 2019, caused less immediate effects on petroleum product supplies and prices in the region because demand declined following the start of the pandemic. Based on average East Coast jet fuel yields and refinery utilization, we estimate the refinery produced approximately 20,000 b/d of jet fuel, which was about 20% of total East Coast jet fuel production before the pandemic and 3% of total product supplied. Now, as jet fuel and other petroleum product demand approaches pre-pandemic levels, the East Coast must meet its supply needs from other sources.”

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