There is no clear reason why Maine’s average price is about 40 cents higher than the national average of $3.99, but several industry experts said the Northeast generally has higher gas prices than the rest of the nation.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Stocks close mixed after new signs of cooling inflation
An afternoon pullback left stock indexes on Wall Street mixed, erasing most of their morning gains following another encouraging report about inflation.
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Posted inBusiness, Maine
State officials to oppose Central Maine Power rate hike
The Governor’s Energy Office filed Thursday for intervenor status to oppose the increase, which would add about $10 a month to an average customer’s bill.
Posted inBusiness, Maine, Morning Sentinel, News
He is not old enough to sign for packages, but Oakland boy has launched own business
Parker Redlevske is a 14-year-old with an aptitude for technology who raised $15,000 to open a technology repair franchise in Waterville.
Posted inBusiness, Nation & World, Politics
Big climate bill will spend green bucks to spur green energy
The crux of the long-delayed bill is to use incentives to spur investors to accelerate the expansion of clean energy such as wind and solar power, speeding the transition away from the oil, coal and gas that largely cause climate change.
Posted inBusiness, Nation & World, News
Jury can’t reach verdict in engineers’ Flint water trial
A judge has declared a mistrial in a dispute over partial liability for Flint, Michigan’s lead-contaminated water.
Posted inBusiness, Nation & World, News
Mortgage rates jump on strong employment and inflation data
The inflation data may cause the Federal Reserve to moderate its rate hikes.
Posted inBusiness, Nation & World, News
U.S. unemployment claims rise to 262,000; Maine claims at lowest point in 3 years
In Maine, the number of new unemployment claims and claims for continued jobless aid have fallen for months and are now at the lowest point in three years a sign of the state’s competitive labor market.
Posted inBusiness
Elon Musk sells $7 billion in Tesla shares ahead of Twitter fight
He unloaded about 8 million shares of his company in recent days.
Posted inBusiness, Nation & World
Rhine River could fall below critical mark, risking industry
Transporting goods by inland waterways is more important in Germany than in many other Western European countries.