AAA Daily Fuel Gauge Report for Friday, 08/18/2017

American Dollar to Canadian Dollar = 0.804070; American Dollar to Chinese Yuan = 0.156195; American Dollar to Euro = 1.225948; American Dollar to Japanese Yen = 0.009036; American Dollar to…

Oil has advanced for the past three months amid optimism that output cuts by Organization of Petroleum Exporting Countries and its partners are helping to balance the market. Yet U.S. rivals have been expanding their operations, with drillers adding two oil rigs to reach 749 last week, the highest level since late September, according to Baker Hughes. “The OPEC deal will mostly work for non-OPEC,” said Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt. “Even if OPEC delivers the cuts promised, and prices stay high long enough, the main result will be that U.S. shale adds on close to 1 million barrels a day of additional production.” Click Read More below for additional information.

What do toothpaste, perfume, soap and ink have in common? The surprising answer is turpentine. This versatile byproduct of the pulp- and paper-making process is used in a wide range of everyday products. Consider a typical day: You wake up and brush your teeth. Then you take a shower using your favorite soap. After you get dressed, you apply some makeup or a spritz of cologne or perfume. You might not have realized it, but before you left home this morning, you used a number of products that contain a special form of turpentine that Domtar makes. Your perfume’s floral fragrance and your toothpaste’s minty freshness originated as crude sulfate turpentine, a USDA-certified, all-natural and renewable byproduct of the pulp- and paper-making process. In fact, many of the scents and flavorings in products you encounter every day are derived from byproducts of the pulp- and paper-making process. Click Read More below for additional information.