Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: WEDNESDAY, June 23, 1993 TAG: 9306230277
SECTION: BUSINESS PAGE: B-6 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
The national average price of self-serve regular unleaded is down 6.1 cents a gallon from a year ago to $1.123, the American Automobile Association said Tuesday. The national average gas price was $1.184 last June 23.
AAA's monthly report also shows the first gas price drop since February. The national average gas price is down 0.9 cent from the May survey.
The average price is highest in the West, at $1.214 per gallon, and lowest in the Southeast, at $1.093. Other regional prices are: New England, $1.146; Southwest, $1.140; Great Lakes, $1.137; Midwest, $1.12; Mid-Atlantic, $1.097.
Self-serve mid-grade unleaded fell 0.8 cent to $1.218 per gallon. Self-serve premium dropped 0.6 cent to $1.303. Full-serve regular unleaded dropped 2.9 cents to $1.366 per gallon, mid-grade fell 2.6 cents to $1.458, and premium declined 2.4 cents to $1.522.
- Wire report
Lloyd's posts loss of $4.3 billion for 1990
LONDON - Lloyd's of London on Tuesday posted an annual loss of more than $4.3 billion, a slightly worse-than-expected result that only compounded the gloom that has pervaded the venerable insurance institution.
The huge loss was for 1990, the latest year to be tallied under the Lloyd's system of waiting three years to allow all claims to be processed.
The loss, which was a result of heavy payouts on insurance policies and a spate of court cases charging fraud and mismanagement at Lloyd's, will take a heavy toll on the individuals who finance Lloyd's and are personally responsible for paying its obligations.
"It represents in every way the low point of Lloyd's history in the last 305 years," David Rowland, the insurer's chairman, told hundreds of the investors at the annual meeting. - Wire report
by CNB