California’s jet fuel supply drops to three-year low as Middle East turmoil squeezes global oil market

California jet fuel reserves hit three-year low amid Middle East crisis, threatening flight disruptions and higher airfares for travelers. | Contesto: cronaca

Punti chiave

• California’s jet fuel supply drops to three-year low as Middle East turmoil squeezes global oil market

Contesto

California’s jet fuel supply has plunged to its lowest level in more than two years, falling to just over 2.6 million barrels as of April 17, according to data released by the California Energy Commission. The figure marks a sharp decline from the 3.2 million barrels recorded two years earlier and reflects the deepening impact of Middle East turmoil on global oil markets. Industry analysts warn that the dwindling stockpile could trigger a surge in fuel prices, potentially forcing airlines to cancel less profitable routes and upending travel plans for millions of passengers. The latest inventory numbers, drawn from the state’s refinery stocks dashboard, underscore a growing vulnerability in California’s aviation fuel supply chain. The state relies heavily on imported crude and refined products, making it particularly sensitive to disruptions in the Middle East, a region that accounts for a significant share of global oil production. Escalating tensions, including recent attacks on shipping lanes and infrastructure, have rattled markets and driven up benchmark crude prices, squeezing refiners who must now pay more for feedstock. For airlines operating in California, the implications are immediate and severe. Jet fuel represents one of the largest operating costs for carriers, and any sustained price increase will likely be passed on to consumers through higher ticket prices. But the more disruptive outcome, experts say, could be a wave of route cancellations. Airlines may choose to eliminate flights that are already marginally profitable, especially those connecting smaller cities or operating during off-peak hours, in order to conserve fuel and reduce exposure to volatile prices. Travelers should brace for a summer of uncertainty. California’s airports, including Los Angeles International, San Francisco International, and San Diego International, are among the busiest in the nation, handling tens of millions of passengers annually. If carriers begin trimming schedules, the ripple effects could be felt nationwide, as connecting flights and hub operations become less reliable. The situation is compounded by the fact that California’s jet fuel storage capacity is...

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Categoria: cronaca