Gas prices drop in metro Savannah
Average retail gasoline prices in Savannah fell 5.3 cents a gallon last week to $3.42 a gallon on Sunday, according to GasBuddy’s daily survey of 262 gas outlets in Savannah. The national average fell 3.3 cents a gallon last week to $3.57, according to gasoline price website GasBuddy.com.
Prices Sunday were 13.6 cents a gallon lower than the same day one year ago and are 15.3 cents a gallon lower than a month ago. The national average has decreased 10.7 cents a gallon during the last month and stands 10.4 cents lower than a year ago.
“As expected, motorists continue to see average gasoline prices falling across much of the United States,” said
GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Some states in the Great Lakes did see a price jump last week, and as crazy as it sounds, it was due to retail prices falling faster than wholesale prices, likely spurred on by intense competition as prices dropped.”
In all, 13 states saw average prices decline more than 5 cents a gallon. To see the complete list, go to http://media.gasbuddy.com/#BiggestMovers.
Rayonier announces quarterly dividend
Rayonier Inc. (NYSE:RYN) announced Monday that the company’s board of directors has declared a third quarter cash dividend of 30 cents per common share payable on Sept. 30 to shareholders of record on Sept. 16.
In addition to the regular third quarter cash dividend, the company’s board has declared a special cash dividend of 50 cents per common share payable on Aug. 15 to shareholders of record on July 31.
The special dividend will be paid from proceeds received from Rayonier Advanced Materials in connection with its spin-off from Rayonier on June 27.
Rayonier Inc. owns, leases or manages 2.6 million acres of high-quality timberlands in North America and New Zealand.
For for more information, go to www.rayonier.com.
Corrections workers meet in Savannah for training
Hundreds of visitors are expected in Savannah this week for a regional law enforcement conference.
The Southern States Correctional Association is hosting a summer training conference in Savannah through Wednesday and is expected to draw more than 600 visitors from across the country.
Georgia Board of Pardons and Paroles Director of Training Lisa Lance said in a statement that some of the training programs focus on workers’ mental and physical health, and job readiness.
The Southern States Correctional Association is composed of more than 1,200 members from 14 states.