American Dollar to Canadian Dollar = 0.787113; American Dollar to Chinese Yuan = 0.156805; American Dollar to Euro = 1.131219; American Dollar to Japanese Yen = 0.008636; American Dollar to Mexican Peso = 0.048909.
https://www.x-rates.com/table/?from=USD&amount=1.00
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The U.S. Energy Information Administration reported Wednesday that crude supplies declined by 9.9 million barrels for the week ended June 22—the largest weekly decline so far this year. Analysts surveyed by S&P Global Platts had forecast a fall of 2.3 million barrels, while the American Petroleum Institute on Tuesday reported a drop of 9.2 million barrels. “Record crude exports and record refinery runs have combined to yield the biggest draw to crude stocks so far this year,” said Matt Smith, director of commodity research at ClipperData. “Even crude production holding at a record level has been unable to offset strong domestic and international demand.” The EIA pegged last week’s total domestic crude output at 10.9 million barrels a day, unchanged from the previous week. Click Read More below for additional information.
National Average Price for Regular – Current: $2.298; Month Ago: $2.247; Year Ago: $2.142.
National Average Price for Diesel – Current: $2.460; Month Ago: $2.447; Year Ago: $2.329.
Today, the American Trucking Associations released its latest ATA Freight Transportation Forecast: 2020 to 2031, which is conducted annually by IHS Markit, showing that despite contraction in 2020, the long-term trend for both trucking and overall freight shipments is still positive. Among the findings in this year’s Forecast: *Total freight volumes in 2020 are likely to collapse by 10.6% to 14.6 billion tons, although truck freight volumes falls a smaller 8.8%. *Trucking volumes are expected to rebound in 2021, rising 4.9% next year and then growing 3.2% per year on average through 2026. *Overall freight revenues in 2020 will total $879 billion, rising to $1.435 trillion in 2031.