U.S. April jet fuel demand lowest in 5 years – API

WASHINGTON (Reuters) – U.S. jet fuel demand in April fell to the lowest level for the month in five years, after three small airlines ceased operations and thousands of flights at other carriers were canceled for safety reasons, the American Petroleum Institute said on Wednesday.

Jet fuel use averaged 1.549 million barrels per day — down 6.2 percent, or 102,000 bpd, from a year earlier. It was the largest yearly decline since December 2006.


In addition, it was the sixth straight month that fuel use was lower from a year earlier and the weakest April for jet fuel consumption since 2003, the trade group said in its monthly oil demand report.

“The large decline from last April likely reflects the cancellations of several thousand regularly scheduled flights early in the month as increased regulatory scrutiny of safety records followed the announcement of a large fine for a major airline for missed inspections early in March,” the API said.

Reuters