AAA Daily Fuel Gauge Report for Friday, 07/13/18

American Dollar to Canadian Dollar = 0.752288 American Dollar to Chinese Yuan = 0.156881 American Dollar to Euro = 1.077216 American Dollar to Japanese Yen = 0.008152 American Dollar to Mexican Peso = 0.059601

National Average Price for Regular – Current: $2.346; Month Ago: $2.409; Year Ago: $2.262. National Average Price for Diesel – Current: $2.499; Month Ago: $2.536; Year Ago: $2.253.

Futures advanced 0.9 percent in New York. American crude inventories tumbled by 6.5 million barrels last week, more than double the average estimate in a Bloomberg survey. Exports surged by the most on record as domestic explorers sent cargoes to foreign shores where they fetched higher prices. “Crude inventories are just taking a nose-dive,” Matt Sallee, who helps manage $16 billion in oil-related assets at Tortoise Capital Advisors LLC, said by telephone. The price gap that’s making American oil more attractive to overseas buyers is “supporting pretty robust exports.” Yet, gasoline stockpiles rose for a sixth week and diesel supplies unexpectedly edged higher. Click Read More below for additional information.