AAA Daily Fuel Gauge Report for Friday, 5/24/24

American Dollar to Canadian Dollar = 0.769815; American Dollar to Chinese Yuan = 0.156023; American Dollar to Euro = 1.175389; American Dollar to Japanese Yen = 0.009136; American Dollar to Mexican Peso = 0.048855.

American Trucking Associations and the entire trucking industry began a weeklong celebration of the 3.6 million professional truck drivers who deliver America’s freight safely and securely every day. ”This week is a time to remind the public of the debt of gratitude owed to these unsung heroes,” said ATA President and CEO Chris Spear. “At a time when confidence in our national institutions sits at a low, and crises of leadership have seemingly become the norm, I’m pressed to find a group of Americans more deserving of our appreciation and respect.” National Truck Driver Appreciation Week, September 12-18, provides the trucking industry an opportunity to formally recognize the efforts of professional truck drivers. State trucking associations, industry suppliers, law enforcement, and motor carriers of all sizes from coast to coast are set to host appreciation events for the men and women who safely deliver 72.5% of the country's total freight tonnage.

Oil prices slipped Monday, giving back some of a steep climb from Friday seen after Saudi Crown Prince Mohammed bin Salman said the kingdom would develop nuclear weapons if arch-rival Iran did. Underpinning prices are tensions between Saudi Arabia and Iran, which are seen potentially disrupting global supplies. The Saudi crown prince visits the U.S. this week, which could provide plenty of headlines, as the Trump administration has called for a new look at the Iran nuclear pact. Trump told European leaders they must “fix the terrible flaws” in the deal or the U.S. would refuse to extend its sanctions relief on Iran. Click Read More below for additional information.