American Dollar to Canadian Dollar = 0.784713; American Dollar to Chinese Yuan = 0.149249; American Dollar to Euro = 1.072026; American Dollar to Japanese Yen = 0.007881; American Dollar to Mexican Peso = 0.050746.
https://www.x-rates.com/table/?from=USD&amount=1.00
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Oil prices are approaching the highs of January, after a wider market rout spurred the worst February decline in half a decade. The Organization of Petroleum Exporting Countries and its allies have concluded they will eradicate the oil surplus by September even as investors continue to weigh those comments against surging U.S. crude production. U.S. crude inventories fell by 2.62 million barrels last week, the Energy Information Administration said Wednesday. Analysts had forecast a gain of 3.25 million barrels, and only two of the 12 surveyed had expected a decline. America’s gasoline inventories also tumbled for a third week to the lowest level since late January, while distillate stockpiles contracted for a sixth straight week to the least since December. Click Read More below for additional information.
American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 4.3% in February after decreasing 3.2% in January. In February, the index equaled 116.0 (2015=100) compared with 111.3 in January. “After a very soft January, due in part to winter storms, truck tonnage snapped back in February,” said ATA Chief Economist Bob Costello. “February’s level was the highest in a year, yet the index still contracted from a year earlier, suggesting truck freight remains in a recession.” January’s decrease was revised up from our February 20 press release. Compared with February 2023, the index fell 1.4%, which was the twelfth straight year-over-year decline. In January, the index was down 4.5% from a year earlier.
National Average Price for Regular Unleaded Current: $3.120; Month Ago: $3.246; Year Ago: $3.159. National Average Price for Diesel Current: $4.013; Month Ago: $4.231; Year Ago: $4.677.