US jet differentials trade at pandemic-highs, -lows within same session

US jet fuel differentials exhibited extreme and opposing movements on Feb. 4 as regional dynamics exacerbated pricing differences seen for the same product in neighboring regions. Early morning trading on Feb. 4 saw February barrels for the Los Angeles Pipeline differential trade at a 40-cent discount to the NYMEX March ULSD futures contract. While the differential rebounded before assessments, this…