California's Jet Fuel Supply Hits Three-Year Low Amid Middle East Conflict
California's jet fuel supply has reached its lowest level since 2023 due to ongoing turmoil in the Middle East, which has significantly impacted the global oil market. As of April 17, the state's jet fuel stock was just over 2.6 million barrels, down from 3.2 million barrels two years ago, according to the California Energy Commission. The conflict involving the U.S. and Israel against Iran has disrupted oil supplies, particularly affecting imports from the Middle East. This has led to a sharp increase in jet fuel prices, with costs at Los Angeles International Airport nearing $15 per gallon. Airlines are responding by increasing baggage fees and introducing fuel surcharges, while some less profitable flight routes are being canceled.