AAA Daily Fuel Gauge Report for Friday, 5/13/22

National Average Price for Regular – Current: $2.447; Month Ago: $2.564; Year Ago: $2.229. National Average Price for Diesel – Current: $2.834; Month Ago: $2.834; Year Ago: $2.440.

Oil prices were mixed on Tuesday, with U.S. crude gaining and Brent crude slumping, as investors prepared for a key meeting of the OPEC producer group next week. Crude future were in line with the broader financial markets, which were largely unruffled by a U.S.-North Korea summit aimed at the denuclearization of the Korean peninsula. OPEC and other producing countries including Russia have cut oil output by 1.8 million barrels per day (bpd) since January 2017 in an effort to boost the market. The group holds its next meeting on June 22-23, and is expected to decide on future supply policy. Click Read More below for additional information.

National Average Price for Regular – Current: $2.969; Month Ago: $2.782; Year Ago: $2.372. National Average Price for Diesel – Current: $3.208; Month Ago: $3.043; Year Ago: $2.510.