AAA Daily Fuel Gauge Report for Friday, 11/10/2017

National Average Price for Regular Unleaded Current: $3.194; Month Ago: $3.183; Year Ago: $2.182. National Average Price for Diesel Current: $3.300; Month Ago: $3.294; Year Ago: $2.407.

National Average Price for Regular – Current: $2.697; Month Ago: $2.523; Year Ago: $2.405. National Average Price for Diesel – Current: $2.991; Month Ago: $2.934; Year Ago: $2.530.

The war of words over trade between the United States and China finally turned into an actual trade war Friday, after the administration of President Donald Trump announced a list of goods whose import from China, worth $50 billion in 2017, would be subject to an additional tariff of 25 percent. Among the retaliatory measures announced by the Asian country was the proposed imposition of tariffs on imports of petroleum products from the U.S., a move that sent domestic crude oil prices crashing. The fall in WTI crude is not in tandem with the global benchmark, Brent crude, which was trading about 0.7 percent higher Monday morning than a day before. The two prices are separated by a few dollars, Brent usually costing more, but that gap has increased in recent weeks for a number of reasons. However, the different directions in trade at present are caused largely by China’s announcement. Click Read More below for additional information.