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Jet fuel takes a breather after recent hikes

19-Jun-2009

Crude prices have moved sideways over the past week after two months of big rises. But airlines would be concerned that jet fuel prices have outpaced recent increases in underlying crude, albeit by a small margin.

Jet fuel spot prices rose 2.1% in the week to 15-Jun-09 at New York Harbor, the US Gulf Coast and Los Angeles, +2.7% in Amsterdam and +4.9% in Singapore, against an underlying 0.6% increase in the WTI crude price.

Oil prices have stayed above USD70, closing overnight up 20 cents to USD71.23 per barrel in New York for July delivery.

Daily jet fuel prices (kerosene, cents per gallon) at New York, US Gulf Coast, Los Angeles, Amsterdam, Singapore vs Crude Spot price (WTI, USD per barrel): 09-Jun-09 to 16-Jun-09

 

09-Jun-09

10-Jun-09

11-Jun-09

12-Jun-09

15-Jun-09

16-Jun-09

one week
Change

12 month
Change

New York Harbor

182.55

185.6

187.62

186.5

184.05

186.33

2.1%

-52.5%

U.S. Gulf Coast

180.05

183.1

185.12

184.25

181.3

183.83

2.1%

-52.5%

Los Angeles

184.3

187.85

190.12

190.75

186.3

188.08

2.1%

-52.3%

Amsterdam-Rotterdam-Antwerp

184.09

189.15

194.59

191.49

188.84

189.15

2.7%

-52.9%

Singapore

178.57

187.74

185.83

186.43

186.55

187.38

4.9%

-52.2%

WTI Spot

70.02

71.38

72.69

72.13

70.54

70.47

0.6%

-47.6%

Daily jet fuel prices (kerosene, cents per gallon) at New York, US Gulf Coast, Los Angeles, Amsterdam, Singapore: 02-Dec-08 to 16-Jun-09

 


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