Jet Fuel Update for Week Ending 8/18/06

[BoeingBoy]

On Friday, Aug 18, spot prices were:

NY Harbor jet - $2.1415
Gulf Coast jet - $2.1040
Los Angeles jet - $2.2365
Rotterdam jet - $2.1400
Singapore jet - $2.0912
WTI Cushing crude - $70.93 ($1.6888/gal)

WTI Cushing crude on 8/23/06 @ 12:06PM - $71.07 (Bloomberg)

Platt's regional spot prices on 8/18/06:

Europe & CIS - $2.155
North America - $2.157
Asia & Oceania - $2.119
Middle East & Africa - $2.061
Latin & Central America - $2.131

The same chart as last week, moved for convenience.

View attachment 5115

While the EIA won't publish the August average spot prices for two more weeks, thru the 22nd they were:

NY Harbor jet - $2.1928
Gulf Coast jet - $2.1540
Los Angeles jet - $2.2744
WTI Cushing crude - $73.98 (1.7614/gal)

Jim

 

[FWAAA]

Oil falls and so do some legacy airline stocks.

Here's another article mentioning the remote possibility of $100 oil:

http://biz.yahoo.com/ap/060823/oil_prices.html?.v=13

Enough to cause trembling.

 

[BoeingBoy]

OK - now I'm quaking...

Jim