North American Snapshot: Upswing Into Peak Summer Season

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Jet fuel consumption in North America started on its upward trajectory into the peak summer travel season. May usage topped 1.9 million b/d as airlines added more international flights. Major carriers accounted for 1.2 million b/d or nearly 75% of US demand, which reached 1.67 million b/d in May. Airports along the East Coast consumed 40% of those liftings, while West Coast locations took one-third of the volume. With arbitrage windows to both coastal regions wide open, US imports rebounded to 153,000 b/d in May.

Jet Fuel, Oil Demand
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