BUSINESS
12/31/2012 12:12 pm ET Updated Mar 02, 2013

Average Gas Price In 2012 Was $3.60, Topping Record High: AAA

NEW YORK, Dec 31 (Reuters) - The average U.S. 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)

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