East Coast jet fuel prices remain higher than other spot price hubs

The spot jet fuel price in New York Harbor traded at record-high levels for several weeks in April. The price has since declined, but it has remained higher than the prices at both the U.S. Gulf Coast and the Amsterdam, Rotterdam, and Antwerp (ARA) trading hubs. The high jet fuel prices coincide with record-low jet fuel inventory levels on the East Coast and rising demand for air travel. A confluence of supply and demand factors has contributed to increased price volatility in the East Coast jet fuel market. More »