Jet fuel demand… EIA – Commodity Research Group

December 3, 2021 by Jim Colburn Leave a Comment

”The trend in jet fuel demand is similar to overall trend in the number of passengers reported by the Transportation Security Administration (TSA). The rolling seven-day average air traffic passenger level has been within 30% of 2019 levels since June, and it has remained within 15% since November 20. The narrowing gap to 2019 in late November is likely the result of increased travel for Thanksgiving as well as increased passenger travel as a result of reduced restrictions on international travelers to the United States, which went into effect in November. The number of passengers does not account for each passenger’s destination, total aircraft miles traveled, or the relative fuel efficiency of a given aircraft, which explains why the TSA passenger numbers are not directly comparable with our jet fuel product supplied data.”

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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