AAA Daily Fuel Gauge Report for Friday, 6/28/24

National Average Price for Regular Unleaded Current: $3.192; Month Ago: $3.174; Year Ago: $2.191. National Average Price for Diesel Current: $3.337; Month Ago: $3.285; Year Ago: $2.392.

Teamsters at less-than-truckload carrier Yellow Corp. will not be on strike Monday as previously planned. Central States Funds agreed Sunday to extend health care benefits for employees at YRC Freight and Holland. Yellow now has 30 days to pay $50 million to catch up on its benefits payments. A statement from the Teamsters said it expects the company to make the payments within the next two weeks. “The intense discussions between Teamsters leadership and Central States successfully convinced fund trustees to reverse their previous decision that health care benefits would end on July 23 if Yellow remained delinquent,” the statement read.

Oil prices rose on Friday after the Saudi energy minister said OPEC would need to keep coordinating supply cuts with non-member countries including Russia into 2019. Oil’s rise defied a slump in global stock markets, which fell in response to worries about a trade stand-off between the United States and China. Gold XAU=, seen as a safe haven, hit a two-week high. Brent crude futures LCOc1 were at $69.10 per barrel at 1136 GMT, up 19 cents but off a session high of $70. For the week, Brent was up about 4.4 percent, its strongest showing since October. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $64.57 a barrel, up 27 cents but below a session high of $65.42. On the week, WTI was up about 3.6 percent.