American Airlines Grounds Nearly 10% of It’s Fleet. Could This Be Good News For Heating Oil Users?

American Airlines recently announced that it is grounding nearly 10% of its fleet. Many other airlines have begun to follow suit. American was also the first to adopt the $25 fee per bag policy, which other airlines followed. Overall airlines are flying fewer planes, fewer flights, and the flights they are flying are carrying much lighter payloads and flying at slower speeds.

What does this have to do with heating oil? Jet fuel is a souped-up version of diesel fuel, or if you like,  a very souped-up version of heating oil. They are made from a lot of the same things produced by the refineries. If demand for jet fuel goes down, which we know is happening right now, this might take a little bit of the pressure off of diesel and heating oil.