AAA Daily Fuel Gauge Report for Friday, 2/23/18

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Digital speed limitation for timber trucks works well on stretches with a lot of infrastructure, and haulage companies show great commitment to safer timber transports. This is demonstrated by the geofencing project that SCA has undertaken in collaboration with the Swedish Transport Administration. "We continue to utilize the technology on both existing routes and new ones," says Lars Nolander, logistics manager at SCA Skog. SCA's efforts to create safer timber transports have been ongoing for several years, and the latest initiative involves testing digital speed limitation, known as geofencing, on four selected routes in Västernorrland and Jämtland, where the road passes through villages or residential areas with houses and residents along the way. The technology involves creating zones using GPS points, where the vehicle senses when it's time to adjust the speed. Four haulage companies and nearly 40 timber trucks have been involved in the project.

Futures in New York fell as much as 1.1 percent, after losing 3.6 percent in the previous two sessions. U.S. crude stockpiles last week rose to the highest level since December, while gasoline reserves expanded at four times the predicted rate. Meanwhile, data for November showed the shale boom drove U.S. output to a record. U.S. stockpiles of oil stored in tanks and terminals rose by 3.02 million barrels to about 423 million, the fourth increase in five weeks, according to the Energy Information Administration. That compares with a median estimate for a 3 million-barrel gain in a Bloomberg survey. Gasoline inventories expanded by 2.48 million barrels, more than the 600,000-barrel average estimate. Click Read More below for additional information.