North American Snapshot: Domestic Travel Props Up US Consumption

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North American jet fuel demand in February totaled 1.2 million barrels per day, about a third lower than year-earlier rates before the pandemic struck. Air traffic in the large domestic US market continued to pick up, limiting the year-on-year deficit to 33%. Gulf Coast airports were the exception after severe winter weather caused massive flight cancellations. Canadian usage was off by 66% with international flights still largely grounded. Mexico's restricted tourist traffic cut fuel usage to 44,000 b/d or half of pre-Covid-19 levels. US jet fuel exports dipped to 68,000 b/d in the wake of a winter storm in February that sparked electricity outages and shut down Gulf Coast refineries. Imports flowed into the country at a 113,000 b/d rate. Incoming cargo shipments spiked in March as cargoes were diverted from Europe to US East Coast ports. North American Jet Fuel Demand ('000 b/d) Feb '21 vs. Q4 '20 vs. US Jet Kerosene Feb (p) Jan (r) Dec (r) Nov (r) Oct (r) Feb '20 Jan '21 Q4 '19 East Coast (Padd 1) 407 358 356 337 312 -36.5% +13.5% -47.6% Midwest (Padd 2) 204 209 242 242 208 -22.4 -2.7 -27.4 Gulf Coast (Padd 3) 68 201 158 147 152 -57.1 -66.4 -22.2 Rockies (Padd 4) 44 41 42 41 36 -16.7 +8.8 -32.9 West Coast (Padd 5) 370 322 346 362 299 -28.4 +15.0 -37.5 Total US Jet-Kero 1,092 1,131 1,144 1,130 1,007 -33.0 -3.5 -37.5 Major US Carriers 643 648 705 670 620 -41.0 -0.8 -43.4 Canada Jet Fuel 43 65 60 59 54 -65.9 -33.9 -66.0 Mexico Jet Fuel 44 49 51 40 33 -48.9 -10.6 -50.8 Total N. America 1,178 1,245 1,254 1,230 1,094 -36.0% -5.3% -40.5% Jet Kerosene Imports US 113 124 137 148 145 -31.5% -9.3% -4.8% Canada 15 14 18 18 11 -74.0 +4.8 -82.5 Jet Kerosene Exports US 68 93 87 79 40 -72.5% -27.4% -70.9% Canada 12 11 8 8 8 -24.5 +8.2 -48.1 Mexico 0 0 0 0 0 0.0 0.0 0.0 (p) Preliminary. (r) Revised. Source: Department of Energy, Department of Transportation, International Energy Agency, and Jodi.

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