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10:01pm

Wed March 14, 2012
Energy

Surging Gas Prices Have Drivers Fuming

Credit Frederic J. Brown / AFP/Getty Images

Gasoline prices have risen about 50 cents a gallon since January. The national average for regular gas stands at just above $3.80 per gallon.

Pity the drivers on the West Coast. Prices there have been much higher. At a Chevron station in Culver City, Calif., the price on Tuesday was $4.45 a gallon.

"I do building maintenance," Ursula Matthews said as she filled her tank. "I do a lot of driving from place to place. It's hurting me. I cannot raise the prices [of my services] with the economy what it is."

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10:01pm

Wed March 14, 2012
Planet Money

China's Giant Pool Of Dollars

China's central bank is sitting on a giant pool of U.S. dollars. It's the world's biggest holder of foreign reserves, worth over $3 trillion at last count.

All that money has piled up because every year, China exports more than it imports; it runs a trade surplus.

There are lots of reasons for China's trade surplus. In the past few decades, China has built an amazing manufacturing ecosystem. It's become the factory to the world.

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3:24pm

Wed March 14, 2012
Housing

Colorado Foreclosures Up Slightly

Foreclosure filings in Colorado inched up in February. But state housing officials aren’t sounding the alarm over the uptick just yet.

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