Key Currency Exchange Rates for Friday, 12/02/22

National Average Price for Regular Unleaded Current: $3.828; Month Ago: $3.636; Year Ago: $3.878. National Average Price for Diesel Current: $4.360; Month Ago: $3.900; Year Ago: $4.989.

“OPEC may be trumpeting success as inventories close their gap to the most recent five-year average,” said Harry Tchilinguirian, head of commodity markets strategy at BNP Paribas SA. “It has progressed, but OPEC is not out of the woods. The stock-draws are not enough to reverse the large builds in oil inventories that we saw between 2014 and 2016.” U.S. crude output rose by 46,000 barrels a day to 9.55 million a day, according to a report Wednesday by the EIA. That’s the highest level in a month. Gasoline stockpiles fell for a second week to 212.8 million barrels, the lowest level since August 2015. Click Read More below for additional information.

National Average Price for Regular Unleaded Current: $2.604; Month Ago: $2.389; Year Ago: $2.450. National Average Price for Diesel Current: $2.822; Month Ago: $2.625; Year Ago: $2.879