Corporate cash-hoarding continues
Even as the economy improves, corporate America continues to pile up record amounts of unused cash, Bloomberg reports. Read more at Counterparties
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Sponsored Links
2012 most expensive year for motorists: AAA
NEW YORK |
NEW YORK (Reuters) - The average gasoline price in 2012 was a record-high $3.60 a gallon, topping the previous high of $3.51 in 2011, travel group AAA said on Monday.
AAA blamed refinery outages, major hurricanes and unrest in the Middle East for the rise.
Drivers in states like Hawaii, Alaska, California and New York paid the highest prices.
However, the price fell to $3.30 a gallon in December, the lowest monthly average for the year, AAA said.
(Reporting by Selam Gebrekidan)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints





Follow Reuters