Traverse City Record-Eagle

Business

April 23, 2013

Business in Brief: 04/23/2013

Gas prices up 24 cents over a week

DEARBORN — AAA Michigan says gasoline prices have risen about 24 cents during the past week to a statewide average of about $3.75 per gallon.

The auto club says Monday the average is about 9 cents per gallon less than last year at this time.

Of the cities it surveys, AAA Michigan says the cheapest price for self-serve unleaded fuel is in the Marquette area, where it’s about $3.55 a gallon. The highest average is in the Benton Harbor and Grand Rapids areas at about $3.78.

Dearborn-based AAA Michigan surveys 2,800 Michigan gas stations daily.

 

Last state energy forum set at NMC

TRAVERSE CITY — Michigan’s Public Service Commission will host the last of seven forums on Michigan’s energy future at Northwestern Michigan College in Traverse City.

Public Service Commission Chair John D. Quackenbush and Michigan Energy Office Director Steve Bakkal are expected to host the April 22 forum in the Hagerty Conference Center.

The commission is an agency within the state Department of Licensing and Regulatory Affairs.

AG: Trust fund can’t be used for dredging

LANSING — Michigan Attorney General Bill Schuette says a trust fund for land purchases and improvements can’t be used for harbor dredging.

Schuette’s opinion released Monday found that dredging is upkeep and can’t be paid for with Natural Resources Trust Fund money. The account approved by voters is funded with royalties from oil and gas drillers.

Gov. Rick Snyder recently approved emergency spending to deepen harbors that could become impassable as the Great Lakes hover near historically low levels.

Vail Resorts reports higher skier visits

BROOMFIELD — Vail Resorts Inc. says that through April 14, skier visits at its seven resorts in Colorado and California were up 5.5 percent from last season.

The company also said Monday that season-to-date lift ticket revenue, including some season pass revenue, was up about 10 percent from the comparable period a year ago. Meanwhile dining revenue was up about 13 percent, ski school revenue was up more than 11 percent, and retail and rental revenue was up almost 9 percent.

The results don’t include recently acquired Afton Alps in Minnesota and Mt. Brighton in Michigan. Results were adjusted as if Vail Resorts had owned the newly acquired Kirkwood ski area last winter too.

CEO Rob Katz also says season pass sales for next season are off to a strong start.

 

 

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