Key Currency Exchange Rates for Friday, 5/13/22

National Average Price for Regular Unleaded Current: $3.296; Month Ago: $3.462; Year Ago: $3.803. National Average Price for Diesel Current: $3.677; Month Ago: $3.790; Year Ago: $4.452.

National Average Price for Regular – Current: $2.490; Month Ago: $2.482; Year Ago: $2.162. National Average Price for Diesel – Current: $2.841; Month Ago: $2.752; Year Ago: $2.391.

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.