AAA Daily Fuel Gauge Report for Friday, 9/29/23

National Average Price for Regular Unleaded Current: $3.303; Month Ago: $3.349; Year Ago: $2.289. National Average Price for Diesel Current: $3.579; Month Ago: $3.616; Year Ago: $2.579.

A leading, nationwide trucking company told the U.S. Senate Judiciary Committee today that cargo theft is a crisis impacting the entire supply chain that requires immediate action from Congress. Donna Lemm, chief strategy officer for IMC Logistics, testified on behalf of the American Trucking Associations in support of the Combatting Organized Retail Crime Act, which would establish a coordinated multi-agency response and equip law enforcement with new resources to address a surge of cargo theft incidents happening across the country. “Rising cargo theft is affecting the trucking industry across the United States.  We cannot stay silent,” said Lemm.

Major oil-producing countries moved on Friday toward an agreement to jointly raise exports, a decision that has driven considerable division among them but that could temper criticism from President Trump. Officials from the Organization of the Petroleum Exporting Countries, as well as other major producers like Russia, were set to increase their total output by less than 1 percent of the global oil supply. Though a relatively small addition to the world energy market, the move nevertheless signals a willingness by international suppliers to address rising prices. Click Read More below for additional information.