U.S.-CALIFORNIA-LOS ANGELES-JET FUEL STOCK-NOSEDIVE

Xinhua
25 Apr 2026, 16:45 GMT+10

(260425) -- LOS ANGELES, April 25, 2026 (Xinhua) -- A plane flies over the Los Angeles International Airport in Los Angeles, California, the United States, on April 24, 2026. California, the largest state economy in the United States, has seen its jet fuel stock nosedive by more than 25 percent from last year's peak to a level not seen since 2023 as war in the Middle East disrupts global oil supplies.

Based on data from the California Energy Commission, the state's jet fuel stock was 2.6 million barrels last week, down from a peak of more than 3.5 million barrels last year, the Los Angeles Times reported Friday, citing government data. (Photo by Qiu Chen/Xinhua)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Central Coast News.

More Information

Business

Section

Amazon drops job titles for ‘builder’ roles in two product units

SAN FRANCISCO, California: Amazon is experimenting with a new way to define roles within parts of its business, replacing traditional...

U.S. stocks bolstered by expected resumption of Iran peace talks

NEW YORK, New York - U.S. stock markets closed mixed on Friday, with the technology-heavy Nasdaq Composite surging to a fresh record,...

Microsoft plans first-ever employee buyout program in history

SEATTLE, Washington: Microsoft is preparing to launch its first-ever voluntary employee buyout program, marking a notable shift in...

SpaceX, OpenAI, Anthropic IPOs test investor risk appetite

NEW YORK CITY, New York: A new wave of blockbuster stock market listings led by SpaceX, OpenAI, and Anthropic is set to test investor...

Microsoft integrates Anthropic’s Mythos into security systems

NEW YORK CITY, New York: Microsoft is expanding its cybersecurity toolkit by integrating advanced artificial intelligence models, including...

Wall Street slips as investors lose hope in Iran negotiations

NEW YORK, New York - U.S. stocks fell Thursday as hopes for a negotiated end to the Iran war faded. Iran's Parliament speaker Mohammad...

California

Section