AAA Daily Fuel Gauge Report for Friday, 08/04/17

National Average Price for Regular – Current: $2.519; Month Ago: $2.320; Year Ago: $2.223. National Average Price for Diesel – Current: $2.591; Month Ago: $2.477; Year Ago: $2.368.

Oil prices edged higher on Tuesday after falling nearly 2 percent in the previous session, but growing U.S. production and expectations of higher OPEC supplies continue to weigh on sentiment. Over the weekend, OPEC and non-OPEC Arab oil ministers agreed on the need for continued cooperation to balance global supply, Kuwait's state news agency KUNA reported. In March, U.S. crude output rose to 10.47 million barrels per day, the highest on record, according to a monthly report by the Energy Information Administration (EIA). Click Read More below for additional information.

It takes plenty of space to park a wide-body cargo jet, and UPS’s facility at Kansas City International Airport is getting a lot more of it. The facility, known as an air gateway, is being renovated and expanded. The most visible part of the work is expanding the ramp from two aircraft parking spots to five. The new ramp will be 534,000 square feet, more than nine football fields in size. In addition to the new ramp, UPS also will install new sorting equipment at the gateway, more than tripling package handling capacity to 5,000 packages per hour. Construction in Kansas City is planned to begin in late October with completion in the fall of 2021.