AAA Daily Fuel Gauge Report for Friday, 2/5/21

American Dollar to Canadian Dollar = 0.779492; American Dollar to Chinese Yuan = 0.150886; American Dollar to Euro = 1.164568; American Dollar to Japanese Yen = 0.008766; American Dollar to Mexican Peso = 0.052415.

Oil prices continued to climb Tuesday amid fighting in Iraq that threatened production from northern Iraq and as the relationship between the United States and Iran risked more strain. Iraqi forces on Monday clashed with fighters from Iraq’s semi-autonomous Kurdish region in the oil-rich province of Kirkuk, in a continuing standoff over Kurdish independence. The violence followed a referendum late September in which the Kurds voted overwhelmingly in favor of independence, in defiance of the central government in Baghdad and other regional powers. Click Read More below for additional information.

Teamsters at less-than-truckload carrier Yellow Corp. will not be on strike Monday as previously planned. Central States Funds agreed Sunday to extend health care benefits for employees at YRC Freight and Holland. Yellow now has 30 days to pay $50 million to catch up on its benefits payments. A statement from the Teamsters said it expects the company to make the payments within the next two weeks. “The intense discussions between Teamsters leadership and Central States successfully convinced fund trustees to reverse their previous decision that health care benefits would end on July 23 if Yellow remained delinquent,” the statement read.