Average retail prices in the U.S. reached $4.619 per gallon as of Monday.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Kennebec Journal, Maine
Summer ushers in new, expanded eateries in central Maine
The unofficial start of summer and what many hope are the later phases of the COVID-19 pandemic are setting the stage for residents and visitors to enjoy an expanded roster of restaurants, food trucks and tasting rooms.
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Posted inBusiness, Nation & World
Fed’s Waller backs half-point rate hikes at ‘several’ meetings
U.S. central bankers raised rates by a half point this month to cool the hottest inflation in 40 years and have signaled they’ll hike by the same amount again at their meetings in June and July.
Posted inBusiness, Maine
New unions in Portland make racial justice a top priority
Young, progressive workers say they want enforceable contracts that reflect management’s pledges of support for diversity, equity and inclusion.
Posted inBusiness, Food & Dining, Maine
No shell, big shock: Maine lobster rolls fetch record prices this season
Lobster lovers can expect to pay in excess of $40 for a single roll at some of the state’s most popular summer eateries. The average price is closer to $30.
Posted inBusiness, Maine
Under pressure: Maine lobster processors embrace tech to create new menu items
Processors say high pressure opens up new product options, saves consumers from the hassle of shell removal and cuts down on labor at the processing plant.
Posted inBusiness, News
Central Maine business briefs: DFD Russell Medical Centers welcomes 2 family nurse practitioners
People & Places: Maine Tourism Association celebrates milestone, inducts employees into Hall of Fame
Posted inBusiness, Maine
Price of marine fuel soars as Mainers head into prime boating season
The record cost of fuel is particularly problematic for lobstermen and fishermen, who face increased costs at a time when wholesale seafood prices are flat.
Posted inBusiness, Nation & World
Wall Street breaks seven-week losing streak, longest since 2001
The strong finish for the week came as investors received potentially encouraging news about inflation.
Posted inBusiness, Kennebec Journal, Maine, News
Augusta considers new use for former Kmart building as demand for self-storage rises
A proposal to covert the former big-box store on Western Avenue into a self-storage facility has prompted conversations about how to reuse large, empty retail spaces.