Key Currency Exchange Rates for Friday, 9/9/22

National Average Price for Regular Unleaded Current: $3.222; Month Ago: $3.404; Year Ago: $3.875. National Average Price for Diesel Current: $3.593; Month Ago: $3.737; Year Ago: $4.585.

California will block the transportation through its state of petroleum from new offshore oil rigs, officials told Reuters on Wednesday, a move meant to hobble the Trump administration’s effort to…

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1% in December after rising 0.5% in November. In December, the index equaled 114.7 (2015=100) compared with 113.5 in November. “December’s gain was the fifth straight totaling 4.4%,” said ATA Chief Economist Bob Costello. “In December, tonnage reached the highest level since March, but it was still 2.7% below the pre-pandemic high. This is likely due to the fact ATA’s data is dominated by contract freight. Contractor truckload carriers operated fewer trucks in 2021 compared with 2020 and it is difficult to haul significantly more tonnage with fewer trucks. But overall, we have seen a nice trend up that is reflective of a still growing goods-economy.” November’s reading was revised down from our December 21 press release.