AAA Daily Fuel Gauge Report for Friday, 1/19/24
National Average Price for Regular Unleaded Current: $3.088; Month Ago: $3.080; Year Ago: $3.379. National Average Price for Diesel Current: $3.928; Month Ago: $4.015; Year Ago: $4.612.
https://gasprices.aaa.com/
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The EU has agreed US commodities pose “negligible risk” to global deforestation
The United States and European Union have penned a framework agreement on transatlantic trade in which they agree US commodities including cattle, soy and wood pose zero deforestation risk.
The US has been assigned a "low risk" status along with EU states. A new "neglibible status" is being discussed in Europe. If this status come in to being than the US would seek this status.
A product is considered "neglible risk" when due diligence processes find there is no cause for deforestation concern.
Oil climbs, but record U.S. crude output, higher OPEC supplies drag
Oil prices edged higher on Tuesday after falling nearly 2 percent in the previous session, but growing U.S. production and expectations of higher OPEC supplies continue to weigh on sentiment. Over the weekend, OPEC and non-OPEC Arab oil ministers agreed on the need for continued cooperation to balance global supply, Kuwait's state news agency KUNA reported. In March, U.S. crude output rose to 10.47 million barrels per day, the highest on record, according to a monthly report by the Energy Information Administration (EIA). Click Read More below for additional information.