AAA Daily Fuel Gauge Report for Friday, 5/19/23

American Dollar to Canadian Dollar = 0.756068; American Dollar to Chinese Yuan = 0.139731; American Dollar to Euro = 1.100388; American Dollar to Japanese Yen = 0.007182; American Dollar to Mexican Peso = 0.059763.

National Average Price for Regular Unleaded Current: $4.139; Month Ago: $4.173; Year Ago: $2.870. National Average Price for Diesel Current: $5.062; Month Ago: $4.755; Year Ago: $3.084.

Futures were little changed in New York and are up 4.8 percent this month, after rallying 9.4 percent in September. U.S. crude inventories probably declined for a fifth time in six weeks, according to a Bloomberg survey before government data due Wednesday. Saudi Arabian Crown Prince Mohammed bin Salman said last week that he backed prolonging supply curbs, following a similar endorsement by Russian President Vladimir Putin earlier this month. Global benchmark Brent crude this month topped $60 a barrel for the first time since 2015 on hopes the Organization of Petroleum Exporting Countries and partners including Russia will prolong their curbs aimed at eliminating a glut. Prices were also boosted by fighting between Iraqi government troops and Kurdish forces in the oil-rich Kirkuk region. Still, the potential for continued supplies from U.S. shale fields is a concern. Click Read More below for additional information.