LA Jet Fuel Basis Jumps to 43cts


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- The basis for prompt Los Angeles jet fuel jumped by 22cts 
on Thursday  (4/9) to a 43ct premium above May NYMEX ULSD futures as higher 
demand for noted for the product.

   It was the latest spike in the basis for LA jet fuel, which was at a premium 
of 21cts to ULSD on Wednesday (4/8).

   The price surge for LA jet fuel comes after the recent closure of Phillips' 
139,000 bpd refinery in Los Angeles and ahead of impending shutdown of Valero's 
145,000 bpd Benicia, California refinery, which is to cease operations in late 
April.




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