National Average Price for Regular Unleaded Current: $3.707; Month Ago: $3.870; Year Ago: $3.414. National Average Price for Diesel Current: $5.330; Month Ago: $5.304; Year Ago: $3.645.

Crude oil prices rose but backed away from multi-year highs on Wednesday after U.S. government data showed an increase in fuel inventories and a falloff in refining activity. A broad, global market rally, including stocks, has also been fueling investment into crude oil futures, but analysts warned of possible overheating. U.S. crude inventories fell 4.9 million barrels last week, more than the 3.9-million decline forecast, but bigger-than-expected builds in gasoline and fuel stocks offset that drawdown, the Energy Information Administration reported. Click Read More below for additional information.

Sun Chemical has acquired the Metal Deco ink business of PPG, a US-based global supplier of paints, coatings and specialty materials. PPG, with a well consolidated portfolio, and Sun Chemical are both long standing players in the metal packaging industry. Through the acquisition, which reflects Sun Chemical’s strategy to grow by acquiring businesses that complement areas of its existing operations, Sun Chemical will expand both its operational territories and its overall position in the global Metal Deco market. By combining PPG’s complementary portfolio of Metal Deco products with those of Sun Chemical, customers will benefit from further innovative solutions and what will be the widest ink portfolio in the metal decoration market. Click Read More below for additional information.