Oil fell, compounding a monthly decline, after U.S. crude inventories were said to rise by more than expected. Futures in New York fell 0.6 percent, set for the first monthly drop since February. On Wednesday, the American Petroleum Institute was said to report a 1 million barrel increase in crude stockpiles, double the gain forecast in a Bloomberg survey of analysts. Prices have declined about 4 percent since Saudi Arabia and Russia last week proposed to phase out supply curbs by OPEC and its allies. Click Read More below for additional information.
National Average Price for Regular – Current: $2.474; Month Ago: $2.548; Year Ago: $2.198.
National Average Price for Diesel – Current: $2.840; Month Ago: $2.802; Year Ago: $2.426.