NYH Jet Fuel Basis Drops to 4-Year Low


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- New York Harbor jet fuel basis weakened Wednesday 
(7/8), falling to its lowest level in more than four years as ultra-low sulfur 
diesel (ULSD) futures rallied sharply and East Coast jet fuel inventories 
increased.

   NYH jet fuel basis was assessed at a 55.50cts discount to August NYMEX ULSD 
futures, widening 11cts from Tuesday's 44.50cts discount and reaching the 
weakest levels since March 28, 2022, when it was assessed at a 60cts discount, 
DTN Energy data showed.

   Front-month ULSD futures resumed their uptrend Wednesday, settling at 
$3.7243 gallon, up 42.26cts, or 12.8%, from Tuesday's settlement of $3.3017 
gallon.

   The U.S. Energy Information Administration reported Wednesday that East 
Coast jet fuel inventories increased by 200,000 bbl to 11.3 million bbl during 
the week ended July 3, leaving stocks 700,000 bbl above the 10.6 million bbl 
reported during the comparable week in 2025.

   East Coast jet fuel imports increased to 19,000 bpd from 13,000 bpd the 
previous week, compared with zero bpd during the same week last year, EIA data 
showed.




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