AAA Daily Fuel Gauge Report for Friday, 4/20/18

This week the American Postal workers Union (APWU) launched a national advertising campaign to alert the public about proposed plans to privatize the public Postal Service. The ad called “Memo” highlights a document sent by Wells Fargo Equity Research to investors detailing how proposed plans by the White House to privatize postal services would lead to the closing of local post offices, skyrocketing price hikes to send a letter or package, and an end to the “Universal Service Obligation” where mail is delivered six and sometimes seven times a week to 169 million addresses.

UPM Biofuels was chosen as the Bioenergy Industry Leader at the 2017 Platts Global Energy Awards - often described as the Oscars of the energy industry. The competition was arranged by S&P Global Platts, the leading independent provider of market information and benchmark prices for commodities in the energy sector. UPM Biofuels was nominated for its wood-based low emission advanced UPM BioVerno biofuels, and its one-of-a-kind commercial scale biorefinery in Lappeenranta, Finland. The choice was made among energy companies from nearly 30 countries representing four continents, including some of the world's leading energy giants. Click Read More below for additional information.

Crude gains have been buoyed by a dispute in Libya over oil-marketing rights that is hindering the North African nation’s export capacity. In Libya, the supply of up to 780,000 barrels of crude a day is at risk, according to analysts at Commerzbank. Separately, the energy market has been reacting to threats from the Trump administration this week, who indicated that the White House would look to sanction countries that don’t reduce their imports of Iranian crude to “zero” by Nov. 4. Iran currently exports around 2.4 million barrels a day of crude. Click Read More below for additional information.