Free Jet Kerosene Price Trend and Forecast New York
- Location: New York, New York, NY, United States
Jet Kerosene price witnessed an upward trajectory on the back of high upstream crude oil prices owing to the ongoing war between Russia and Ukraine during the first quarter of 2022. Limited supply of Jet Kerosene because of unexpected refinery outage in the Exxon’s Bayfield facility in December 2021. Jet kerosene was in high demand in the downstream airline industries, American airlines CEO Doug Parked stated that the industry has hit a one-day record high revenue, during Q1 of 2022. In fact, they had two days with 15% of higher revenues as compared to any previous days contributing to the upward price trend of jet kerosene in the American market. Jet Kerosene prices in the USA increased by over 6% in Q1 2022.
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