Local gas prices edge downward
Average retail gasoline prices in Savannah have fallen 1.4 cents a gallon in the past week to $3.34 a gallon on Sunday, according to GasBuddy’s daily survey of 262 gas outlets in Savannah.
The national average has increased 8.9 cents a gallon in the last week to $3.67, according to gasoline price website GasBuddy.com.
Prices Sunday were 10.2 cents a gallon lower than the same day one year ago and are 1.5 cents a gallon lower than a month ago. The national average has increased 16.6 cents a gallon during the last month and stands 3.0 cents lower than a year ago.
“I don’t believe I’ve ever seen gasoline prices in the Midwest surpass California. Areas of Nebraska, Minnesota, Oklahoma, North and South Dakota, and Kansas have done that. Gas price records in these areas aren’t being quietly replaced, they’re being blown out of the water,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “I don’t believe I’ve ever seen such crazy trends in gasoline prices occur all at one time — prices spiking in one area, falling in another, and holding steady in others. What we’re seeing today is certainly rare.”
Savannah ninth on ‘Quarter Pounder Index’
Jacques Couret at Atlanta Business Journal reports that NerdWallet.com has started something called the “Quarter Pounder Index” — a ranking of the most expensive and least expensive American cities based on how much they pay for a McDonald’s Quarter Pounder with cheese.
Two Georgia cities are among the least expensive, Couret reports. Ninth-least expensive is Savannah, where a Quarter Pounder costs $2.92, and 12th-least expensive is Douglas, where it costs $2.95,
The national average is $3.52.
Mitsubishi buys Connecticut-based company
Mitsubishi Heavy Industries Ltd., parent company of Mitsubishi Power Systems and its plant on the Pooler megasite, has bought Pratt & Whitney Power Systems.
The acquired company will be known as PW Power Systems and will offer small to medium sized power generation packages.
“This will significantly extend (Mitsubishi Heavy Industries’) equipment offerings and dramatically expand its service capabilities, making it a one-stop shop for many customers,” said Peter Christman, president of PW Power Systems.
PW Power Systems customers will continue to benefit from the cutting edge technology Pratt & Whitney offers with turbine engines, as well as the company’s manufacturing, engineering and supply chain expertise, Christman said.
PW Power Systems will be headquartered in Glastonbury, Conn.
