AAA Daily Fuel Gauge Report for Friday, 7/21/23

National Average Price for Regular Unleaded Current: $2.115; Month Ago: $2.164; Year Ago: $2.595. National Average Price for Diesel Current: $2.393; Month Ago: $2.376; Year Ago: $3.009.

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 6.3% in October after gaining 5.7% in September. In October, the index equaled 106.8 (2015=100) compared with 114 in September. “While there are indications that the economy is losing momentum, I believe October’s tonnage softness was more of a seasonal issue during a pandemic than anything else,” said ATA Chief Economist Bob Costello. “Typical seasonality is off this year and it was a reason why October was down so much. Not seasonally adjusted tonnage was down a fraction as much as normal over the last five years during September, leading to a big seasonally adjusted gain. However, that means October’s not seasonally adjusted tonnage grew less than half as much as it typically does, leading to a big drop in the seasonally adjusted figure. There are plenty of carriers still saying that tonnage, retail tonnage in particular, is good.”

American Dollar to Canadian Dollar = 0.757255; American Dollar to Chinese Yuan = 0.139266; American Dollar to Euro = 1.112486; American Dollar to Japanese Yen = 0.007075; American Dollar to Mexican Peso = 0.059042.