Jet fuel demand… EIA

From the EIA’s This Week in Petroleum:

”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.”