Cost of refining crude into jet fuel squashing airlines further.

From: The Dallas Morning News (via Knight-Ridder/Tribune NewsService) | Date: September 29, 2005 | Copyright information

Byline: Eric Torbenson

DALLAS _ Airlines already crumbling under crude oil prices face another eye-popping expense: the record-high cost of turning crude into jet fuel.

Since hurricanes Katrina and Rita idled much of the Gulf of Mexico's refining capacity, most U.S. airlines have been paying an extra premium to refine or "crack" the oil into kerosene-like jet fuel.

In July, before the storms, airlines paid the equivalent of $11 per barrel of crude on top of the spot price to keep planes aloft.

Now the "crack spread" has spiked to nearly $59, meaning it costs ...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

Refining jet fuel gets costlier for U.S. airlines.
; ...of turning crude into jet fuel. Since hurricanes Katrina...oil into kerosene-like jet fuel. In July, before the...as much to refine the jet fuel as it does to buy a...and diesel fuel, with jet fuel coming in a distant...about half the nation's jet fuel; ...
CHAIRMAN MICA'S STATEMENT FROM TODAY'S OVERSIGHT HEARING ON PROBLEMS WITH THE COMMERCIAL JET FUEL SUPPLY & COSTS
; ...Hearing on Problems With The Commercial Jet Fuel Supply & Costs Contact: Steve Hansen...Congressional oversight hearing on the commercial jet fuel supply and cost problems to the aviation...year is the supply and cost of commercial jet fuel, which is the subject of our hearing ...
IMPACT OF JET FUEL COST ON U.S. AIRLINE INDUSTRY:JOHN FELMY
; ...companies that make, transport, and market jet fuel. We very much appreciate this opportunity to discuss commercial jet fuel supply and its impact on -- and cost...meet the demand of U.S. airlines for jet fuel. However, to meet the long-term fuel...
Ultra-Low-Sulfur, Low-Aromatics Jet Fuel: Could Become Wave of the Future
; ...industry demands for radical changes in jet fuel, partly because this stream only represents...conventional jet engine, it "doesn't like jet fuel" and to date it hasn't achieved stable...heat sink for aircraft systems. Hence a jet fuel with exceptionally good thermal and oxidation...
jet fuel reserve
; ...seriously consider establishing a jet fuel reserve to counter the impact of soaring oil prices and in light of the jet fuel supply crisis following Hurricanes...notes that, although most of the US jet fuel supply is refined in the US, 60% of...
FT Jet Fuel Study May Aid Lower Emissions, Avoid Performance Problems
; ...s impractical to avoid desulfurization of jet fuel when desulfurizing other middle distillates...environmental and performance gains -- with jet fuel desulfurization. Ultra-low-sulfur jet fuel could help reduce particulate matter (PM...
IMPACT OF JET FUEL COST ON U.S. AIRLINE INDUSTRY:JOHN D. SHAGES
; ...be here today to discuss the current status of the jet fuel market. I will also discuss airline industry and infrastructure...the Nation from disruptions in petroleum supplies. Jet Fuel Jet fuel is refined from crude oil and is one of the products...
Should Torrance airport sell jet fuel?
; ...nearby. Which is why a ban on the sale of jet fuel and some noisier types of aircraft - including...taking another look at the policy banning jet fuel sales, a move that has raised the hackles...leaning toward changing the policy that bans jet fuel sales. "We have kind of a gut ...
Sparks fly over jet fuel
; ...night on the volatile issue of selling jet fuel at Torrance airport, insults flew between...already on record opposing the sale of jet fuel at the airport. During the hearing, speakers...criticism of those who opposed the sale of jet fuel. At the same time he patted the collective...
Jet fuel prices up 18%
; LOS ANGELES Spot prices for jet fuel have jumped by as much as 18 percent since...the cartel's November production. Spot jet fuel prices and crude oil prices have risen...a barrel in New York Friday afternoon. Jet fuel prices increase 3 cents a gallon for each...