AAA Daily Fuel Gauge Report for Friday, 5/26/23
National Average Price for Regular Unleaded Current: $3.572; Month Ago: $3.646; Year Ago: $4.600. National Average Price for Diesel Current: $3.962; Month Ago: $4.164; Year Ago: $5.538.
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Key Currency Exchange Rates for Friday, 3/26/21
American Dollar to Canadian Dollar = 0.794905; American Dollar to Chinese Yuan = 0.152801; American Dollar to Euro = 1.177823; American Dollar to Japanese Yen = 0.009112; American Dollar to Mexican Peso = 0.048245.
Oil Steadies Near $57 a Barrel Before U.S. Crude Inventory Data
Futures were little changed after slipping 0.3 percent on Tuesday, the first decline in four sessions. Crude inventories fell by 1.56 million barrels last week, while motor-fuel stockpiles gained 520,000 barrels, the industry-funded American Petroleum Institute was said to report. A Bloomberg survey forecast a 2.45 million-barrel oil-supply drop ahead of government data Wednesday. “The U.S. shale machine is poised to shift up a gear as producers make hay amid the healthier price backdrop,” said Stephen Brennock, an analyst at PVM Oil Associates Ltd. West Texas Intermediate for December delivery slid 8 cents to $57.12 a barrel on the New York Mercantile Exchange at 10:04 a.m. London time. Total volume traded was 12 percent below the 100-day average. Prices slipped from the highest level in more than two years to close at $57.20 on Tuesday. Click Read More below for additional information.