The pilot reported that he departed for a parachute jump flight with 12 gallons of fuel onboard. He added that, after the parachute jumpers exited the airplane about 10,500 ft mean sea level (msl), he initiated a left spiraling descent back to the airport. He further added that he “heard and felt the engine start [to] quiet down as if it was shutting down.” He then began to make right descending turns and verified that the fuel selector was in the “both” position. He added that the cylinder head temperature was decreasing, so he switched back to left descending turns and that the “fuel starvation due to banking happened two more times.”

Read the NTSB report.