Key Currency Exchange Rates for Friday, 3/16/18

National Average Price for Regular Unleaded Current: $3.147; Month Ago: $3.158; Year Ago: $2.227. National Average Price for Diesel Current: $3.275; Month Ago: $3.274; Year Ago: $2.427.

“The API numbers did surprise, and I would be even more surprised to see them being repeated,” said Ole Hansen, head of commodity strategy at Saxo Bank A/S. “We have reached a price level with which even OPEC is likely to be satisfied. I’m not sure whether Russia would like to play ball for such an extended period especially into the peak demand season.” Gasoline stocks rose by 1.47 million barrels and distillates fell by 4.53 million barrels last week, the API reported Tuesday, according to a person familiar with the data. U.S. crude inventories probably rose by 3.1 million barrels, according to the Bloomberg survey before an Energy Information Administration report. Click Read More below for more of the story.

National Average Price for Regular Unleaded Current: $2.119; Month Ago: $2.182; Year Ago: $2.623. National Average Price for Diesel Current: $2.364; Month Ago: $2.386; Year Ago: $3.009.