NYH Weekly: Jet Fuel Rises 5.6%; CBOB Drops 3.5%


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) - New York Harbor refined-product prices diverged during 
the week ending October 23, with jet fuel advancing more than 5% while CBOB 
regular declined more than 3% and ULSD edged lower. The moves came as East 
Coast distillate and gasoline inventories remained tight heading deeper into 
the fall season.

   Jet fuel averaged $5.0674 gallon through Thursday, up 26.80cts, or 5.58%, 
from $4.7994 gallon the previous week. The average was $2.6731, or 111.65%, 
above the $2.3943 gallon recorded during the comparable week in 2025, DTN data 
showed.

   ULSD averaged $4.9814 gallon, down 3.95cts, or 0.79%, from the previous week 
but more than double its year-earlier level. The diesel benchmark was $2.5896, 
or 108.27%, above the $2.3918 gallon average during the comparable 2025 week.

   The price strength in distillates came against lean East Coast supplies. EIA 
data for the week ended October 16 showed PADD 1 distillate inventories fell by 
500,000 bbl to 21 million bbl, leaving stocks 21.6% below the previous year and 
still near the record-low levels reached in late August.

   CBOB regular moved in the opposite direction, averaging $3.2019 gallon, down 
11.74cts, or 3.54%, from the previous week. Despite the decline, CBOB remained 
$1.2908, or 67.54%, above the $1.9111 gallon average during the same week last 
year. East Coast gasoline inventories fell by 2 million bbl to 51.6 million bbl 
during the week ended October 16.

   Jet fuel inventories increased by 600,000 bbl to 9.9 million bbl, while East 
Coast refinery utilization slipped to 80.8% from 81.1% the previous week.

   Phillips 66 began a lockout of union workers at its 275,000-bpd Bayway 
refinery in New Jersey on October 19 following the expiration of a labor 
agreement. The company said supervisors and engineers would maintain 
operations, and no reduction in refinery throughput was confirmed. No confirmed 
refinery outages were reported in the East Coast region during the week.




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