Prices for jet fuel for later this year and into 2020 are expected to rise due to new marine fuel regulations – as the need for lower-sulfur fuels in ships cuts into the available supply for similar distillates like diesel or jet fuel. However, the global abundance of light crude could help offset that. Light crudes produce a byproduct known as naphtha, normally used to make plastics, but refiners can shift their processes to use it for jet fuel production instead. It may be necessary as air travel continues to rise, with travel between the United States and other countries reaching an all-time high in 2018, according to Airlines for America (A4A). Prices for jet fuel are forecast to increase by 10 cents a gallon in 2020 from 2019, the U.S. Energy Information Administration said in a May outlook, and airlines have been warning that […]