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Jet fuel prices rise with global demand as economies expand

Reuters  |  NEW YORK 

By Stephanie KellyNEW YORK (Reuters) - Prices for jet fuel have strengthened relative to diesel and gasoline prices and should keep climbing on strong demand for air travel fueled by global economic growth, analysts said.Demand for jet fuel has increased over the last two years as the global economy has strengthened and airplane passenger traffic has risen, said Sandy Fielden, director of oil and products research at Morningstar Commodities in Austin, Texas. Production of jet fuel has already risen in recent years. U.S. refinery and blender net production of kerosene-type jet fuel reached a ...

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First Published: Thu, April 12 2018. 23:31 IST