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I am going to be honest I can’t remember how Pasadena delivery ended up being a key jet fuel benchmark, maybe @roryjohnston.bsky.social or @wandrme.paxex.aero knows, but in the meantime jet fuel hit a record today.
Oh duh this is it. Pasadena, TX, just southeast of Houston, the starting point of the Colonial pipeline which runs all the way up the east coast. Their NC branch terminates one exit down the freeway from me here in Charlotte. The pipeline carries a ton of refined products incl Jet-A and gasoline.
Pasadena Texas?
I’ll admit my macroeconomic outlook didn’t include a Leeroy Jenkins bombing campaign against Iran with no plan whatsoever for securing Hormuz. And you know what, that’s on me.
It's so funny how you have spent the last 6 months telling people that the signs for an economic downturn weren't there (because they weren't, not contradicting you) and then Trump personally decided to prove you wrong.
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