American Dollar to Canadian Dollar = 0.801207;
American Dollar to Chinese Yuan = 0.151787;
American Dollar to Euro = 1.181003;
American Dollar to Japanese Yen = 0.008910;
American Dollar to Mexican Peso = 0.052739.
http://www.x-rates.com/table/?from=USD&amount=1.00
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Oil prices slipped on Thursday as swelling U.S. crude inventories and record weekly U.S. production clashed with OPEC supply cuts and the potential for new U.S. sanctions against Iran. On Wednesday, a report from the U.S. Energy Information Administration (EIA) showed a 6.2-million-barrel jump in U.S. crude inventories C-STK-T-EIA. U.S. oil production rose to a record of 10.62 million bpd, putting it ahead of Saudi Arabia, the biggest OPEC producer. U.S. drilling for new production is also increasing, encouraged by rising prices following OPEC’s production curbs. Click Read More below for additional information.
The trucking industry applauded the Senate’s passage of the Diesel Emissions Reduction Act (DERA) of 2023, which would reauthorize the DERA program through fiscal year 2029 at $100 million annually. The bill will now be considered by the House of Representatives. DERA provides federal grants and rebates to help finance the voluntary replacement or retrofits of heavy-duty diesel vehicles and engines. By helping to upgrade tens of thousands of vehicles over nearly two decades, DERA is responsible for saving more than 520 million gallons of fuel. Replacing older vehicles is critical to protecting the environment because advancements in clean diesel engine technology have resulted in substantially lower emissions. In fact, it would take 60 of today’s trucks to emit what just one truck did in 1988. A newly manufactured truck produces half the CO2 emissions of one manufactured in 2010.
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