American Dollar to Canadian Dollar = 0.738438; American Dollar to Chinese Yuan = 0.138380; American Dollar to Euro = 0.982007; American Dollar to Japanese Yen = 0.006784; American Dollar to Mexican Peso = 0.051183.
https://www.x-rates.com/table/?from=USD&amount=1.00
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1% in December after rising 0.5% in November. In December, the index equaled 114.7 (2015=100) compared with 113.5 in November. “December’s gain was the fifth straight totaling 4.4%,” said ATA Chief Economist Bob Costello. “In December, tonnage reached the highest level since March, but it was still 2.7% below the pre-pandemic high. This is likely due to the fact ATA’s data is dominated by contract freight. Contractor truckload carriers operated fewer trucks in 2021 compared with 2020 and it is difficult to haul significantly more tonnage with fewer trucks. But overall, we have seen a nice trend up that is reflective of a still growing goods-economy.” November’s reading was revised down from our December 21 press release.
Futures were little changed in New York, down 3.2 percent for the week. U.S. production had the biggest weekly advance since June, according to Energy Information Administration data on Wednesday, offsetting the largest decline in stockpiles in almost a year. Oil processing in China fell in July, the biggest decline for that particular month in three years, figures from the National Bureau of Statistics showed Monday. “Prices were unimpressed by the reported significant drop in oil inventories,” said Norbert Ruecker, head of commodities research at Julius Baer Group Ltd. in Zurich. “Instead, the market’s focus was possibly on robust U.S. output growth or the fact that the driving season and seasonal demand strength are set to ebb over the coming weeks.” U.S. crude output rose by 79,000 barrels a day to 9.5 million a day last week, the highest since July 2015, the Energy Information Administration reported Wednesday. Stockpiles declined for a seventh week to 466.5 million barrels. Click Read More below for additional detail.
National Average Price for Regular Unleaded Current: $3.039; Month Ago: $2.862; Year Ago: $1.866. National Average Price for Diesel Current: $3.160; Month Ago: $3.078; Year Ago: $2.417.