New York jet fuel differentials skyrocketed more than 10 cents Monday amid high demand at the end of summer and inventories 12% off year-ago levels. Traders said 25,000 barrels traded for delivery into Buckeye Pipeline, which takes jet fuel the final leg into most regional airports, at NYMEX September ULSD futures plus 22 cents/gal, compared with plus 11.50 cents/gal Friday. Sources said Vitol bought from Valero, but at least two other companies also have been bidding up all morning, with few offers. “It might go even higher. It’s nuts,” one jet trader said. New York barges and Colonial Pipeline barrels were said to be 1 cent below Buckeye barrels, rising from plus 10.75 cents/gal on Friday. Benchmark New York barges were flat to the NYMEX going into August. US jet fuel stocks reached 1996 lows in early August before rebounding 891,000 barrels to 35.56 million barrels as of August […]