AAA Daily Fuel Gauge Report for Friday, 5/6/22

National Average Price for Regular Unleaded Current: $3.209; Month Ago: $3.253; Year Ago: $3.663. National Average Price for Diesel Current: $3.612; Month Ago: $3.645; Year Ago: $4.498.

The American Trucking Associations praised the leaders and members of the House Transportation and Infrastructure Committee for their work in advancing the INVEST in America Act to the House floor. “Chairman DeFazio and the entire committee have produced a solid piece of legislation that authorizes a real and significant increase in funding for our roads and bridges, as well as a broad range of policies to improve highway safety,” said ATA President and CEO Chris Spear. “ATA supports this bill and appreciates the hard work of the committee members and staff, and we look forward to working with Congress to further improve this important bill as it continues through the process, and securing bipartisan support for an infrastructure investment package that provides real money for our roads and bridges.”

Brent crude on Monday touched its highest level since 2014 as oil prices increased on rising tension between the US and Iran. The international oil price, which has benefited from a lift in US demand and Opec supply constraints this year, rose nearly 1 per cent to $75.53 in European trading after earlier hitting a session peak of $75.89, its highest level since November 2014. Click Read More below for additional information.