AAA Daily Fuel Gauge Report for Friday, 4/6/18

Months of collective bargaining have culminated in a tentative agreement for UPS (NYSE: UPS) and the International Brotherhood of Teamsters. The five-year agreement, which is subject to ratification, covers Teamsters-represented UPS employees in small package roles. UPS’s goal has been to reward the company’s employees for their contributions to its success while enabling the business to remain flexible to meet its customers’ needs – each of these goals have been met in the new agreement. UPS is well-positioned to grow and meet the needs of its customers. Click Read More below for additional information.

Futures in New York are up 1.5 percent this week after closing at the highest level in two weeks on Thursday. While the U.S. is pumping near record volumes, exports also jumped to a four-month high last week, helping drain the nation’s stockpiles. Oil stocks in the biggest U.S. storage hub plunged to the lowest level in more than three years. While crude struggled after the best January performance in more than a decade, it’s now finding its footing again as the Organization of Petroleum Exporting Countries and its allies including Russia pledge to persist with output curbs to re-balance the market, and demand remains robust. Click Read More below for additional information.

National Average Price for Regular Unleaded Current: $3.290; Month Ago: $3.380; Year Ago: $3.301. National Average Price for Diesel Current: $4.677; Month Ago: $5.058; Year Ago: $3.575.