US jet fuel production hits record highs as global supply disruptions drive prices higher
Washington DC, June 9 -- United States jet fuel production rose to record highs after prices doubled in March following the closure of the Strait of Hormuz on February 28. The spike in prices stems from higher crude oil costs and acute supply concerns in Europe and Asia, two regions that previously relied heavily on the Persian Gulf for their jet fuel imports.
According to the US Energy Information Administration, a substantial portion of this surging US output is currently headed for international markets, while domestic stockpiles continue to hold above historical averages.
"Despite increased export demand, jet fuel inventories in the United States have remained above average," the report detailed.
"US jet fuel inventories as of May ...
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