BoeingBoy
Veteran
- Nov 9, 2003
- 16,512
- 5,865
Having skipped the week of Thanksgiving - the EIA report only covered the first 3 days of that week - here is the latest info:
U.S. crude oil refinery inputs averaged 15.4 million barrels per day during the week ending December 2, up 259,000 barrels per day from the previous week's average. Refineries operated at 90.6 percent of their operable capacity last week, the first week they have averaged above 90 percent utilization since the week ending September 16. [With hurricane damage repairs continuing, the percentage is slowly increasing. Note that pre-hurricane percentages usually ran around 95%. Jim]
Total products supplied over the last four-week period has averaged nearly 20.6 million barrels per day, or 1.2 percent less than averaged over the same period last year. Jet fuel demand is down 8.7 percent over the last four weeks compared to the same four-week period last year. [Note that this is domestic only. Fleet reductions/shifting capacity to international operations is having an effect. Jim]
Spot prices for jet fuel..12/02....11/18....11/11....11/04....10/28....10/21....10/14....10/07......9/30.....9/23......9/16.....9/09......9/02......8/26
New York Harbor.......$1.7100 $1.6945 $1.7400 $1.8135 $2.0050 $2.0275 $2.1150 $2.3050 $2.4200 $2.0700 $1.9450 $2.0100 $2.2750 $1.9100
Gulf Coast...............$1.6800 $1.6470 $1.6900 $1.7655 $1.9640 $1.9325 $2.3050 $2.8400 $2.6450 $2.1750 $1.9050 $1.9488 $2.2050 $1.8675
Los Angeles.............$1.7150 $1.7000 $1.7550 $1.8300 $1.9150 $1.8850 $2.0350 $2.0850 $2.3050 $2.0000 $1.8850 $1.9500 $2.2538 $2.0000
Spot prices for crude....12/02..11/18...11/11..11/04...10/28..10/21..10/14...10/07....9/30....9/23....9/16....9/09....9/02....8/26
WTI Cushing..............$59.31 $56.30 $57.45 $60.60 $61.30 $61.05 $62.61 $61.81 $66.21 $64.67 $62.91 $64.21 $66.91 $66.71
Brent.......................$54.91 $52.84 $54.30 $60.48 $59.47 $56.94 $58.45 $57.29 $61.70 $62.17 $60.48 $62.62 $65.95 $67.26
Current crude prices:
Bloomberg reports WTI closed @ $60.66 on 12/08/05.
Finally, average spot prices of jet fuel (per gallon) by month (by quarter once the quarter is over). I've added a couple of lines here - the average price East and West paid for jet fuel in the quarters as reported in quarterly reports. A note for the West figure - it does not include hedging benefits, which lowered West's fuel cost per gallon significantly.
Delivery point.....1Q05.....2Q05.....3Q05....Oct05...Nov05...Dec05
NY Harbor......$1.4861 $1.5833 $1.9253 $2.1438 $1.7410 $1.7196
Gulf Coast.....$1.4400 $1.5649 $1.9263 $2.3981 $1.6981 $1.7003
Los Angeles...$1.5228 $1.7008 $1.9585 $2.0166 $1.7365 $1.7063
East Paid......$1.4720 $1.6800 $1.8800
West Paid.....$1.4170 $1.6690 $1.9200
*thru 12/06/05
Here's the chart of monthly average WTI and jet fuel prices for 2004 & 2005.
View attachment 3792
Jim
U.S. crude oil refinery inputs averaged 15.4 million barrels per day during the week ending December 2, up 259,000 barrels per day from the previous week's average. Refineries operated at 90.6 percent of their operable capacity last week, the first week they have averaged above 90 percent utilization since the week ending September 16. [With hurricane damage repairs continuing, the percentage is slowly increasing. Note that pre-hurricane percentages usually ran around 95%. Jim]
Total products supplied over the last four-week period has averaged nearly 20.6 million barrels per day, or 1.2 percent less than averaged over the same period last year. Jet fuel demand is down 8.7 percent over the last four weeks compared to the same four-week period last year. [Note that this is domestic only. Fleet reductions/shifting capacity to international operations is having an effect. Jim]
Spot prices for jet fuel..12/02....11/18....11/11....11/04....10/28....10/21....10/14....10/07......9/30.....9/23......9/16.....9/09......9/02......8/26
New York Harbor.......$1.7100 $1.6945 $1.7400 $1.8135 $2.0050 $2.0275 $2.1150 $2.3050 $2.4200 $2.0700 $1.9450 $2.0100 $2.2750 $1.9100
Gulf Coast...............$1.6800 $1.6470 $1.6900 $1.7655 $1.9640 $1.9325 $2.3050 $2.8400 $2.6450 $2.1750 $1.9050 $1.9488 $2.2050 $1.8675
Los Angeles.............$1.7150 $1.7000 $1.7550 $1.8300 $1.9150 $1.8850 $2.0350 $2.0850 $2.3050 $2.0000 $1.8850 $1.9500 $2.2538 $2.0000
Spot prices for crude....12/02..11/18...11/11..11/04...10/28..10/21..10/14...10/07....9/30....9/23....9/16....9/09....9/02....8/26
WTI Cushing..............$59.31 $56.30 $57.45 $60.60 $61.30 $61.05 $62.61 $61.81 $66.21 $64.67 $62.91 $64.21 $66.91 $66.71
Brent.......................$54.91 $52.84 $54.30 $60.48 $59.47 $56.94 $58.45 $57.29 $61.70 $62.17 $60.48 $62.62 $65.95 $67.26
Current crude prices:
Bloomberg reports WTI closed @ $60.66 on 12/08/05.
Finally, average spot prices of jet fuel (per gallon) by month (by quarter once the quarter is over). I've added a couple of lines here - the average price East and West paid for jet fuel in the quarters as reported in quarterly reports. A note for the West figure - it does not include hedging benefits, which lowered West's fuel cost per gallon significantly.
Delivery point.....1Q05.....2Q05.....3Q05....Oct05...Nov05...Dec05
NY Harbor......$1.4861 $1.5833 $1.9253 $2.1438 $1.7410 $1.7196
Gulf Coast.....$1.4400 $1.5649 $1.9263 $2.3981 $1.6981 $1.7003
Los Angeles...$1.5228 $1.7008 $1.9585 $2.0166 $1.7365 $1.7063
East Paid......$1.4720 $1.6800 $1.8800
West Paid.....$1.4170 $1.6690 $1.9200
*thru 12/06/05
Here's the chart of monthly average WTI and jet fuel prices for 2004 & 2005.
View attachment 3792
Jim
