U.S. consumers remain resilient, though the broader environment remains complicated and challenging, executives said.
prices
Posted inBusiness, Nation / World, News
France asks retailers to alert customers to cases of ‘shrinkflation’
Retailers are less excited about the new rules, saying they’ll be hard to implement and that the burden should be placed on manufacturers instead.
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Posted inBusiness
Walmart may have to raise prices to deal with economic pressures
It’s getting more expensive for retailers like Walmart to stock its shelves with household staples like diapers, paper towels and bottled water. The question now is whether that translates into more pain at the check-out line. Soaring costs for transportation and raw materials — some related to tariffs — have prompted Procter & Gamble, Nestle, […]
Posted inBusiness, Maine, sj-web
Gas prices rise to highest level in 4 years, just in time for summer travel in Maine
Gas prices headed to their highest point in four years aren’t likely to prompt drivers to hit the brakes on summer road trips and travel in Maine, analysts say. The average price for regular gas in Maine was $2.81 a gallon Wednesday, about 16 cents more than a month ago and 52 cents higher than […]
Posted inBusiness, sj-web
Home prices climb more than 10 percent in Maine
AUGUSTA (AP) — The Maine Association of Realtors says the median sales price for existing, single-family homes in the state jumped more than 10 percent from September 2016 to September of this year. The association says the median sales price climbed to a little more than $207,000 in that time. The highest price in the […]
Posted inMaine
Heating oil prices drop as temperature climbs in Maine
AUGUSTA (AP) — The Governor’s Energy Office says the price of heating oil in Maine has dropped 9 cents since the middle of March. The statewide average cash price for No. 2 heating oil was $2.17 per gallon this week. The statewide price of kerosene was also down 7 cents, to $2.72. Propane prices have […]
Posted inMaine
All gassed up: Price outlook good, according to analysts
Experts say low gasoline prices are expected to stick around into winter. It means immediate savings for everyday drivers as well as for those hauling freight, which could contribute to lower prices on store shelves. Recently, “for the first time in six years, the diesel average fell below the regular average,” said Jeff Pelton, the […]
Posted inMaine, sj-web
Scallop prices strong as season opens in Maine
PORTLAND (AP) — Maine scallop fishermen kicked off their season Monday with some of the highest per-pound prices ever seen, helping to offset harvesting restrictions put in place to better manage the fishery, a state official said. Fishermen in the scallop-rich waters of Cobscook Bay near the Canadian border were being paid $12 to $13 […]
Posted inBusiness, Nation / World, sj-web
Lower gas prices lifting hopes for holiday sales
WASHINGTON (AP) — No one begs Santa Claus for cheaper gasoline. Yet falling gas prices are shaping up as an unexpected gift for drivers — and for people on their holiday shopping lists. The average price of gasoline has tumbled 49 cents from its peak this year to $3.29 a gallon, putting it on track […]
Posted inBusiness, sj-web
Maine heating oil prices remain steady
AUGUSTA — State officials say heating fuel prices in Maine are “relatively stable” as the winter heating season approaches. The latest weekly price survey by the governor’s energy office finds an average statewide price of $3.53 cents per gallon for Number 2 heating oil and $3.94 per gallon for kerosene. Both prices have dropped a […]