Maine Technology Institute president resigns

Betsy Biemann, who has been president of the Brunswick-based Maine Technology Institute since 2005, has resigned, according to the state Department of Economic and Community Development.

The reason for her departure was not disclosed.

Joe Migliaccio, manager of the institute’s Business Innovation Program, will serve as president while the institute searches for a new president.

Since 1999, the Maine Technology Institute has invested millions of dollars of public money in technologies to help accelerate commercial success in Maine’s seven technology sectors: biotechnology, composites and advanced materials, environmental technologies, forest and agriculture products, information technology, marine technology and aquaculture, and precision manufacturing.

Maine gasoline prices drop below the national average

Maine drivers are getting more good news at the gas pump.

The average retail cost of a gallon of gas has fallen more than 4 cents in the past week to $3.50.

Price-monitoring website reports that prices in Maine are now below the national average of $3.53 per gallon.

Maine prices are now almost 21 cents lower than they were at the same time last year and more than 26 cents lower than one month ago.

A company analyst said the election results in Greece could stir up oil prices as markets feel more upbeat about the global economy.