AAA Daily Fuel Gauge Report for Friday, 5/24/24
National Average Price for Regular Unleaded Current: $3.609; Month Ago: $3.660; Year Ago: $3.561. National Average Price for Diesel Current: $3.897; Month Ago: $4.029; Year Ago: $3.988.
https://gasprices.aaa.com/
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Average March volume was actually good news for the Port of Los Angeles
March imports were weaker year-on-year but the busiest U.S. container port still managed to play up to the back of its baseball card.
The Port of Los Angeles handled 752,520 twenty foot equivalent units (TEUs) in March, off 3% from the same month a year ago as geopolitics and economic uncertainty overshadowed the beginning of the months-long run-up to the peak shipping season.
“Even with the seasonal slowdown tied to Lunar New Year, cargo flow in March was solid and our first quarter performance was consistent with our five-year trend,” said Port of Los Angeles Executive Director Gene Seroka, in a media briefing.
ATA Truck Tonnage Index Rose 1.2% in October
“The slow, and choppy, climb off of the bottom continued in October,” said ATA Chief Economist Bob Costello. “Since hitting a low in January of this year, tonnage is up a total of 3%, plus the index is up sequentially in three of the last four months. No doubt the freight market has improved – albeit slowly – over the course of the year.” In October, the ATA advanced seasonally adjusted For-Hire Truck Tonnage Index equaled 114.6 compared with 113.3 in September. The index, which is based on 2015 as 100, equaled the reading from the same month last year. The not seasonally adjusted index, which calculates raw changes in tonnage hauled equaled 121.3 in October, 8.6% above September. The seasonally adjusted increase follows a decline in September, which was revised up slightly from the October 22 press release.