AAA Daily Fuel Gauge Report for Friday, 10/28/22
National Average Price for Regular Unleaded Current: $3.761; Month Ago: $3.765; Year Ago: $3.399. National Average Price for Diesel Current: $5.308; Month Ago: $4.884; Year Ago: $3.623.
https://gasprices.aaa.com/
Related Posts
Numbers Driving the Optimism in Trucking, Then and Now
Growth in the U.S. economy boomed in 2018, slowed in 2019, and turned south in 2020 when COVID-19 started to spread widely in March. In 2019, trucks shipped 72.5% of all domestic tonnage, including an increase of 366 million tons over 2018. Also, across the northern and southern borders, trucks moved three-quarters of the value of trade between the U.S., Canada, and Mexico. Compared with previous recessions, trucking fared far better than the overall economy as the recession in the first half of 2020 was concentrated in the much less freight intensive, services sector. At the start of 2020, the U.S. remained in the longest economic expansion on record with the unemployment rate at 50-year lows. In the three primary categories of freight—retail, manufacturing, and housing construction—only manufacturing was struggling from an industry-specific recession in 2019. In January, retail sales notched a record high, and construction on new homes surged to its highest level in over a decade, according to the Census Bureau. Even manufacturing showed signs that it bottomed out in 2019, as the Institute for Supply Management’s Purchasing Managers Index reported an expanding manufacturing sector in January and February after 5 months of contraction.
Sun Chemical Forms New Food and Nutrition Group
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.