AAA Daily Fuel Gauge Report for Friday, 5/19/23
National Average Price for Regular Unleaded Current: $3.541; Month Ago: $3.684; Year Ago: $4.589. National Average Price for Diesel Current: $4.008; Month Ago: $4.203; Year Ago: $5.577.
https://gasprices.aaa.com/
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Key Currency Exchange Rates for Friday, 8/27/21
American Dollar to Canadian Dollar = 0.788553; American Dollar to Chinese Yuan = 0.154380; American Dollar to Euro = 1.176200; American Dollar to Japanese Yen = 0.009078; American Dollar to Mexican Peso = 0.049033.
Oil Extends Drop to Near $55 on Signs U.S. Crude Stockpiles Rose
Futures lost as much as 1.3 percent in New York after falling 1.9 percent on Tuesday. U.S. inventories rose by 6.51 million barrels last week, the American Petroleum Institute was said to report. That would be the biggest gain since March if confirmed in government data on Wednesday. “The API data showed an inventory build, in contrast to expectations of a draw, which is weighing on the market,” said Giovanni Staunovo, a commodity analyst at UBS Group AG. “The Russian news doesn’t help either.” Gasoline inventories rose by 2.4 million barrels last week, the API said Tuesday, according to people familiar with the data. While the institute also reported a gain in crude stockpiles, a Bloomberg survey showed they may have shrunk by 2.4 million barrels. The U.S. Energy Information Administration will release the data at 10:30 a.m. New York time on Wednesday. Click Read More below for additional information.