California’s jet fuel supply drops to three-year low as Middle East turmoil squeezes global oil market
Summary
California’s supply of jet fuel has fallen to a three-year low, reaching just over 2.6 million barrels in April 2026. This drop is linked to global oil market disruptions caused by conflict in the Middle East, which has also caused jet fuel prices to more than double in some areas.Key Facts
- California’s jet fuel stock was 2.6 million barrels in April 2026, down from 3.2 million barrels two years earlier.
- In 2025, 61.1% of California’s oil came from foreign sources, mainly Asian refiners.
- The US and Israel are involved in a conflict with Iran, disrupting Middle Eastern oil supplies, especially through the Strait of Hormuz.
- Jet fuel prices in major US cities were around $2.30 a gallon early in 2026 but rose to an average of $4.19 by late April.
- At Los Angeles International Airport, jet fuel recently cost nearly $15 a gallon.
- Airlines such as Delta, Southwest, and JetBlue have increased baggage fees and introduced fuel surcharges due to higher fuel costs.
- Experts expect some less profitable short-haul flights may be canceled, even though demand for travel remains strong.
- California’s energy commission is monitoring the fuel supply and working with industry and state agencies to manage risks.
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