AAA Daily Fuel Gauge Report for Friday, 8/11/23

National Average Price for Regular Unleaded Current: $3.820; Month Ago: $3.681; Year Ago: $3.369. National Average Price for Diesel Current: $5.34; Month Ago: $4.928; Year Ago: $3.579.

Futures in New York fell as much as 1.1 percent, after losing 3.6 percent in the previous two sessions. U.S. crude stockpiles last week rose to the highest level since December, while gasoline reserves expanded at four times the predicted rate. Meanwhile, data for November showed the shale boom drove U.S. output to a record. U.S. stockpiles of oil stored in tanks and terminals rose by 3.02 million barrels to about 423 million, the fourth increase in five weeks, according to the Energy Information Administration. That compares with a median estimate for a 3 million-barrel gain in a Bloomberg survey. Gasoline inventories expanded by 2.48 million barrels, more than the 600,000-barrel average estimate. Click Read More below for additional information.

National Average Price for Regular Unleaded Current: $3.828; Month Ago: $3.636; Year Ago: $3.878. National Average Price for Diesel Current: $4.360; Month Ago: $3.900; Year Ago: $4.989.