- USAC ULS kerosene differentials gain 20.75 cents/gal
- Sources say storage empties out with no imports, high peaker demand
Ultra low sulfur kerosene differentials jumped 20.75 cents/gal Sept. 8 in the US Atlantic Coast as buyers cite a sudden stock drain due to demand from peaker units that generate power in extreme temperatures, but in this case to combat the heat and not the typical cold-weather needs, reports Platts.
Platts assessed USAC ULSK at NYMEX October ULSD futures plus 12 cents/gal, or $3.6601/gal based on ranges heard in the market. It traditionally trades as a premium to jet fuel, especially in the winter for its cold-weather properties. ULSK moved from 8.25-cent premium to 23-cent over benchmark Buckeye Pipeline jet fuel, which rose 3.75 cents to NYMEX minus 11 cents/gal, or $3.4301/gal.
Did you subscribe to our daily Newsletter?
It’s Free! Click here to Subscribe
Source: Platts
