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US sees surge in jet fuel output after Iran conflict
The U.S. Energy Information Administration reported that aircraft fuel production in the United States reached record levels after prices doubled in March due to the Iranian blockade of the Strait of Hormuz. A significant portion of the production was directed toward exports, as markets in Europe and Asia grew increasingly concerned about supply shortages. Refinery operating rates and strategic shifts led to increased production and higher prices, with the average Gulf Coast gasoline price reaching $3.91 per gallon—nearly double the price at the beginning of the year. U.S. aircraft fuel exports also hit record highs in April and May, while inventories reached 45 million barrels at the end of May—up 7% from the five-year average.
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