AAA Daily Fuel Gauge Report for Friday, 6/01/18

American Dollar to Canadian Dollar = 0.766065; American Dollar to Chinese Yuan = 0.152256; American Dollar to Euro = 1.186356; American Dollar to Japanese Yen = 0.009631; American Dollar to Mexican Peso = 0.049618.

National Average Price for Regular – Current: $2.751; Month Ago: $2.558; Year Ago: $2.422. National Average Price for Diesel – Current: $3.025; Month Ago: $2.928; Year Ago: $2.537.

Futures fell as much as 1.1 percent in New York and are set for a 2.6 percent drop this week. Trump ordered his administration to consider levies on an additional $100 billion in imports from the Asian nation, spurring a flight from risk assets on concern a full-blown trade war will deter global economic growth. That was only a day after both American and Chinese officials signaled they’re willing to talk about the escalating conflict. “We now have to start looking at the U.S.-China trade war as a downward geopolitical risk,” said Olivier Jakob, managing director at consultants Petromatrix GmbH. “This is starting to not be funny anymore, and there is a risk to reach a point where global asset markets become tired of the White House wars and move back into cash.” Click Read More below for additional information.