In recent weeks, the number of air travel passengers has increased in the United States, which may indicate a corresponding near-term increase in jet fuel demand. Jet fuel demand has been at historic lows since April 2020. According to EIA’s Weekly Petroleum Status Report (WPSR), the four-week average consumption of jet fuel from April 9, 2021, through the most recent data (as of April 23, 2021) was more than 1.2 million barrels per day (b/d). This level of consumption was nearly 200,000 b/d higher than the four-week average that ended on March 26, 2021. To calculate jet fuel consumption, we use product supplied as a proxy for consumption. Read more Increased air travel is beginning to increase U.S. jet fuel consumption
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Source: CTRM Center