Key Currency Exchange Rates for Friday, 8/9/24

National Average Price for Regular Unleaded Current: $2.179; Month Ago: $1.978; Year Ago: $2.730. National Average Price for Diesel Current: $2.438; Month Ago: $2.408; Year Ago: $3.001.

Futures were little changed after slipping 0.3 percent on Tuesday, the first decline in four sessions. Crude inventories fell by 1.56 million barrels last week, while motor-fuel stockpiles gained 520,000 barrels, the industry-funded American Petroleum Institute was said to report. A Bloomberg survey forecast a 2.45 million-barrel oil-supply drop ahead of government data Wednesday. “The U.S. shale machine is poised to shift up a gear as producers make hay amid the healthier price backdrop,” said Stephen Brennock, an analyst at PVM Oil Associates Ltd. West Texas Intermediate for December delivery slid 8 cents to $57.12 a barrel on the New York Mercantile Exchange at 10:04 a.m. London time. Total volume traded was 12 percent below the 100-day average. Prices slipped from the highest level in more than two years to close at $57.20 on Tuesday. Click Read More below for additional information.

National Average Price for Regular Unleaded Current: $2.204; Month Ago: $2.174; Year Ago: $2.568. National Average Price for Diesel Current: $2.418; Month Ago: $2.426; Year Ago: $2.925.