US Cash Products-NYH jet up; mogas softer in most hubs

NEW YORK, March 13 (Reuters) - Jet fuel and heating oil rose in the New York Harbor on Thursday amid tighter regional supplies, while gasoline was flat to softer in the Gulf Coast and other hubs east of the Rockies, traders said.

Price differentials of the motor fuel had softer tones amid sluggish demand for winter-grade on the East Coast and a surge in regional supplies in the Midwest which helped push national inventories to 15-year highs last week.

Traders said jet fuel pipeline barrels in the Harbor traded two cents higher. Jet fuel surged 8 cents on Wednesday, with traders pegging the rise to very tight prompt supplies amid rising demand from airlines, refinery maintenance and distillates exports to Europe.

Heating oil barges talked as much as two cents higher. Stockpiles of heating oil fell sharply last week, especially in the New England section of PADD 1, a key market for the fuel, the Energy Information Administration (EIA) said Wednesday.

The New England draw was "massive" as supplies fell by one fourth last week to 3.79 million barrels, said Stephen Schork, editor of The Schork Report in Philadelphia, but added current stocks will last through the end of winter.

"With only about five more draws in the season remaining, existing stocks of 21.2 million barrels will see us through into April," Schork added in a report on Thursday.

Harbor ultra-low sulfur diesel values, which posted recent gains after exports and refinery maintenance ate into available barrels, were seen retracing on reports that high U.S. diesel prices attracted a surge of imports.

U.S. crude oil futures surged to a record $111 a barrel.

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