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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 cancelled for safety reasons, the American Petroleum Institute said. Jet fuel use averaged 1.549 million barrels per day -- down 6.2 per cent, 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 trade group said the suspension of operations by Skybus Airlines, Champion Air and ATA Airlines in April, along with high fuel prices, also helped push down jet fuel demand for the month.
(Source: Reuters)
consumption since 2003, the trade group said in its monthly oil demand report. The trade group said the suspension of operations by Skybus Airlines, Champion Air and ATA Airlines in April, along with high fuel prices, also helped push down jet fuel demand for the month.
(Source: Reuters)