Key Currency Exchange Rates for Friday, 4/11/25

National Average Price for Regular Unleaded Current: $3.597; Month Ago: $3.660; Year Ago: $3.532. National Average Price for Diesel Current: $3.920; Month Ago: $4.056; Year Ago: $4.015.

Oil fell in New York after U.S. President Donald Trump criticized OPEC and said crude prices are “artificially Very High.” The comments came as the Organization of Petroleum Exporting countries and allies including Russia showed willingness to further tighten oil markets and boost prices. Oil has rallied in recent weeks as output cuts from OPEC and its allies were compounded by heightened geopolitical risks, including the possibility of renewed U.S. sanctions on Iran. Meeting in Jeddah, a committee of OPEC and other oil producers found high levels of compliance with the production curbs. Still, there’s capacity for prices to rise beyond this week’s three-year high, according to Saudi Energy Minister Khalid Al-Falih, who said cooperation between producers would continue into 2019. Click Read More below for additional information.

Electric mobility is gaining ground worldwide, and its importance will continue to grow at a fast pace in the coming years. One of the biggest challenges in this is the rapid expansion of the charging infrastructure: today in Germany, for example, there are just 25,000 public charging points (source: statista.de, May 2017). However, around five times as many would be needed for the planned number of one million electric cars by the year 2020. It is therefore clear that there is a huge need for an extensive network of publicly available and private charging stations with the appropriate charging capacity. “We’re confident that we’re at a turning point when it comes to electric mobility,” says Rainer Hundsdörfer, CEO of Heidelberg. “Electric cars are becoming a real option for more and more drivers. We want to take advantage of this trend, and put our expertise to work to benefit from this growth market.” Click Read More below for additional detail.