Jet fuel prices atrophied by nearly 70cts in the Northeast Friday afternoon on compounding losses from basis levels and futures.
Jet fuel on the Buckeye Pipeline for April 25-27 loading traded at a 5ct discount to the May futures, good for a drop of 25.50cts from the prior session's average. This loss, in conjunction with NYMEX selling from the reopening of the Strait of Hormuz to commercial vessels, sent spot prices for offline Colonial Pipeline, barge, and Buckeye down 69.05cts to $3.3474/gal at around 3:00 p.m. ET. This marks the lowest recorded spot price for the product since March 3, the second market day since the start of the conflict.
Barge and Buckeye ULSD also saw trade levels dip by 0.5ct to 50cts above the May futures. Cash prices lowered 44.05cts with these losses to $3.4024/gal.
Offline Colonial Pipeline for Cycle 21 was heard talked around a 0.75ct premium to futures, a decrease of 1.25ct from the prior session. Cash prices fell by 44.80cts to $3.4049/gal.
Both prices are at their lowest since the first week of the conflict.
This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.
--Reporting by Reagan Pritchard, rcoleman@opisnet.com; Editing by Cory Wilchek, cwilchek@opisnet.com
(END) Dow Jones Newswires
April 17, 2026 15:15 ET (19:15 GMT)
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