Key Currency Exchange Rates for Friday, 11/17/23

National Average Price for Regular Unleaded Current: $4.279; Month Ago: $4.164; Year Ago: $2.941. National Average Price for Diesel Current: $5.510; Month Ago: $5.077; Year Ago: $3.099.

Futures slipped 0.5 percent in New York after rising 1.2 percent Monday. U.S. refiners closed by Hurricane Harvey more than two weeks ago continue to restart, including the nation’s largest, operated by Motiva Enterprises LLC. The 12 OPEC nations engaged in production cuts reduced their output by 109,000 barrels a day last month, according to a person familiar with the matter. The hurricanes have rattled energy markets, with Irma shutting Florida fuel stations and ports and Harvey earlier halting about one-quarter of the nation’s refining capacity. Goldman Sachs Group Inc. forecasts the two storms will initially hurt crude demand by about 600,000 barrels a day, though the recovery will likely raise consumption and offset that loss. Click Read More below for additional detail.

American Dollar to Canadian Dollar = 0.736390; American Dollar to Chinese Yuan = 0.140082; American Dollar to Euro = 1.077834; American Dollar to Japanese Yen = 0.006924; American Dollar to Mexican Peso = 0.057349.