AAA Daily Fuel Gauge Report for Friday, 3/26/21

Sun Chemical has formed a Food and Nutrition Group. The recently formed group will extend existing Sun Chemical and DIC Corporation expertise in color and algae cultivation to provide coloring solutions and nutraceutical ingredients to the dietary supplement, food and beverage industries. The Food and Nutrition Group was developed as part of DIC Corporation’s vision of transforming portfolios to achieve continued future growth. The group will leverage Sun Chemical’s advanced research and development coloring expertise to support new product development initiatives for both natural and synthetic food color. The research and development team at DIC Corporation headquarters is actively working with venture capital groups in developing bio-based nutraceutical ingredients, and Sun Chemical is committed to grow the new business group and will make additional investments to accelerate its growth.

National Average Price for Regular Unleaded Current: $3.290; Month Ago: $3.380; Year Ago: $3.301. National Average Price for Diesel Current: $4.677; Month Ago: $5.058; Year Ago: $3.575.

Futures in New York were little changed Friday and poised for a 3.7 percent weekly gain after the greenback slumped to a three-year low. A rebound in stocks from the U.S. to Asia is also boosting confidence the markets are stabilizing. West Texas Intermediate for March delivery added 7 cents to $61.41 on the New York Mercantile Exchange at 6:13 a.m. local time. Total volume traded was about 31 percent above the 100-day average. Brent for April settlement climbed 19 cents to trade at $64.52 on the London-based ICE Futures Europe exchange. The global benchmark traded at a $3.22 premium to WTI for the same month.