AAA Daily Fuel Gauge Report for Friday, 8/25/23
National Average Price for Regular Unleaded Current: $3.828; Month Ago: $3.636; Year Ago: $3.878. National Average Price for Diesel Current: $4.360; Month Ago: $3.900; Year Ago: $4.989.
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.
ATA Truck Tonnage Index Increased 1.1% in October
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.1% in October after declining 1.1% in September. In October, the index equaled 115.2 (2015=100) compared with 113.9 in September. Compared with October 2022, the SA index fell 2.1%, which was the eighth straight year-over-year decrease. In September, the index was down 4.1% from a year earlier. The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 119.7 in October, 6.3% above the September level (112.5). In calculating the index, 100 represents 2015. ATA’s For-Hire Truck Tonnage Index is dominated by contract freight as opposed to spot market freight.