Cost of gas in Maine jumps nearly 14 cents in one week

PORTLAND – The cost of a gallon of gas in Maine has jumped nearly 14 cents in just the past week.

MaineGasPrices.com reported Monday that the average retail cost of gas has risen to $3.70 a gallon, based on a survey of more than 1,200 gas stations in the state.

The price is 16 cents a gallon higher than a month ago and 11 cents higher than a year ago.

GasBuddy.com, which operates MaineGasPrices.com and more than 250 similar price-tracking websites, said prices nationwide have risen more than 14 cents a gallon in the past week, to $3.48.

A company analyst said rising oil prices have put upward pressure on gasoline prices, with little relief in sight.

 

Yarmouth Boat Yard owner buys Moose Landing Marina

NAPLES – The owner of Yarmouth Boat Yard is getting into the freshwater business.

Steve Arnold announced Monday that he has purchased Moose Landing Marina on Brandy Pond.

The marina along Route 302 in Naples is the largest facility on the water in the Lakes Region, according to Moose Landing’s website. It has more than 1,000 feet of frontage on Brandy Pond and nearly 300 deep-water slips.

The marina sells new and used boats, storage space and boat parts among other products and services.

“To have a freshwater marina operation to complement our coastal, saltwater location in Yarmouth is very exciting,” Arnold said in a statement.

Moose Landing has been owned by Dan Craffey since 2003, according to its website.

 

U.S. factory orders show increase during December

WASHINGTON – U.S. factory orders increased in December even though companies trimmed their orders for goods that signal investment plans.

Factory orders rose 1.8 percent in December compared to November, when orders fell 0.3 percent, the Commerce Department said Monday.

But demand for core capital goods, a category considered a proxy for business investment plans, dipped 0.3 percent in December following strong gains of 3.3 percent in November and 3 percent in October.

For the year, total factory orders rose 3 percent to $5.66 trillion.

This reflected a slowing in the manufacturing sector following an 11.8 percent rise in orders in 2011.

 

McDonald’s Happy Meal will feature Fish McBites

NEW YORK – McDonald’s says it is offering its first new Happy Meal entree in a decade: Fish McBites.

The world’s biggest hamburger chain said Fish McBites will be widely available at U.S. restaurants starting this week through March, to coincide with Lent.

The Happy Meals will come with seven pieces of Fish McBites, French fries, apple slices and a drink.

Fish McBites, which are fried pieces of fish, will use the same Alaska pollock used in the fast-food chain’s Filet-O-Fish.

Depending on which drink is selected, McDonald’s said the Happy Meals with Fish McBites have between 385 calories and 415 calories.

 

Boeing asks FAA permission to fly test flights of its 787

SEATTLE – Boeing Co. said Monday that it has asked the Federal Aviation Administration for permission to fly test flights of its 787 Dreamliner.

The FAA said it is evaluating the request.

The initial flight tests will gather data on the operation of the troubled lithium ion battery system, the cause of the worldwide fleet grounding that’s now into its third week.

But 787 passenger flights won’t resume soon. In airline service, the Dreamliner is still likely to stay grounded for weeks, if not months, according to two sources with knowledge of the matter.

Even when Boeing arrives at a workable fix, its engineers will have to design, build and thoroughly test the solution.