State gas prices rise to $2.749
Advertiser Staff and News Services
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The average price for a gallon of regular gasoline in Hawai'i hit a record high $2.749 yesterday, but the state was overtaken by California for the distinction of having the highest gas prices in the nation, according to AAA.
California hit a record $2.758, followed by Hawai'i, Nevada ($2.654) and Washington state ($2.631), the auto club said.
Hawai'i's record high was 5 cents higher than Sunday, about 15 cents higher than a month ago and about 39 cents higher than a year ago. The national average also hit a record $2.484 yesterday, AAA said. Meanwhile, both the Big Island and Honolulu set record highs yesterday. The Big Island's average was $2.749 and Honolulu was at $2.653.
VOIT BUYS KALIHI INDUSTRIAL SPACE
California-based real-estate firm Voit Development Co. has bought 250,000 square feet of industrial space in Kalihi from The Weiser Cos. for an undisclosed price.
Voit said the purchase is part of a plan to acquire 1 million to 2 million square feet of industrial property in Honolulu.
Besides the recent purchase, which comprises seven buildings on a long-term ground lease, Voit owns about 200,000 square feet of industrial property in the Sand Island area.
DBEDT SEEKS NOMINATIONS
The state Department of Business, Economic Development and Tourism is accepting applications for its "Exporter of the Year" program.
Nominations are being accepted in six sectors: fresh commodities, professional services, the arts, manufactured products, high technology and new exporter. Nominees will be evaluated based on profitability and growth and must have opened a new trade area previously closed to American companies.
Nominees must have a sponsoring organization, such as a financial institution, certified public accountant or business/industry association, to submit an application. The deadline for applications is Sept. 30. For application forms, call 587-2584.
BUSINESS-PLAN COMPETITION SET
Chaminade University's Hogan Entreprenurial Program and Bank of Hawaii are seeking applicants to participate in an annual nonprofit business-plan competition.
Last year's winner, Mala 'Ai Opio Youth Organic Farm of Wai'anae, went on to win second place in a national competition held by Yale University and the Goldman Sachs Foundation.
The deadline for submitting a statement of intent is Sept. 15. For an entry packet, call 739-4673.
