Key Currency Exchange Rates for Friday, 1/19/18

National Average Price for Regular – Current: $2.474; Month Ago: $2.548; Year Ago: $2.198. National Average Price for Diesel – Current: $2.840; Month Ago: $2.802; Year Ago: $2.426.

Oil has struggled to recover losses from last month’s broader market slump after topping $66 a barrel in January. While a brighter economic outlook has underpinned demand expectations following a better-than-expected U.S. jobs report, expanding American production remains a challenge to the Organization of Petroleum Exporting Countries and its allies, which are trying to prop up prices via output curbs. Production from shale regions will reach 6.95 million barrels a day next month, the U.S. Energy Information Administration said in its monthly drilling report. The Permian Basin is seen leading the way with an 80,000-barrel increase. Total American output has passed 10 million barrels a day, beating a record set in 1970. Click Read More below for additional information.

American Dollar to Canadian Dollar = 0.777573; American Dollar to Chinese Yuan = 0.147997; American Dollar to Euro = 1.019089; American Dollar to Japanese Yen = 0.007304; American Dollar to Mexican Peso = 0.048620.