National Average Price for Regular Unleaded Current: $2.228; Month Ago: $2.179; Year Ago: $2.573. National Average Price for Diesel Current: $2.428; Month Ago: $2.428; Year Ago: $2.928.

The American Trucking Associations welcomed five major new federal investments by the Department of Transportation that will add approximately 1,000 truck parking spaces and make it easier for drivers to locate parking along key freight corridors in Florida, Missouri, Pennsylvania, California, Oregon, Washington and Wisconsin. “The severe shortage of truck parking continues to rank among drivers’ highest concerns, which is why we appreciate that Secretary Buttigieg and a growing number of states are making these projects a top priority,” said ATA President and CEO Chris Spear. “America’s highways are our shop floor. When drivers finish their shift, they deserve to know that they will be able to find a safe place to sleep that night. These significant investments in expanding parking capacity along some of America’s busiest freight corridors will help reduce supply chain bottlenecks, alleviate stress on truck drivers and make the roadways safer for all motorists.”

“Prices are being driven up by tight supply due to high production outages in Venezuela plus the cuts implemented by OPEC and Russia,” said Carsten Fritsch, analyst at Commerzbank. “What is more, demand appears robust.” The United States has until May 12 to decide whether to quit a nuclear deal with Iran and reimpose sanctions against the third-largest producer in the Organization of the Petroleum Exporting Countries, tightening global supplies. OPEC’s supply curtailments and the threat of new sanctions are occurring as demand in Asia, the biggest oil-consuming region, has risen to a record. Click Read More below for additional information.