GloucesterTimes.com, Gloucester, MA

Business

February 26, 2013

Business briefcase

Gloucester native named to city editor

Gloucester native and former resident Peter Strescino was recently promoted to city editor of The Pueblo Chieftain, a 40,000-subscription daily paper in southern Colorado.

Strescino has been with the paper since 1988, and has worked as a cityside reporter, feature writer and feature editor. He has held several other editing positions with the paper.

Strescino attended St. Ann Grammar School, St. Peter High School and Gloucester High School. He is a 1986 graduate of Chaminade University of Honolulu.

His parents were Peter J. and Rita C. (Moses) Strescino.

Gas prices up another 4 cents

Massachusetts gasoline prices have jumped another four cents per gallon in the past week and have now soared 31 cents in the past month.

AAA Southern New England announced Monday that self-serve, regular is selling for an average of $3.76 per gallon.

The current price is a penny below the national average and eight cents per gallon higher in-state than at the same time last year.

AAA found self-serve, regular selling for as low as $3.65 per gallon and as high as $3.89.

Prices on Cape Ann ranged Monday from $3.77 per gallon in Manchester to $3.94 a gallon in Rockport.

To find the lowest prices on Cape Ann, visit the Times’ Gas Watch, gloucestertimes.com/gas, when you need to fill up.

Warren addresses business group

BOSTON (AP) — U.S. Sen. Elizabeth Warren says she does not know at this point what can be done to prevent what she calls a “mindless across the board approach” to cutting federal spending.

The Massachusetts Democrat was asked during a breakfast meeting of business leaders in Boston on Monday about the $85 billion in automatic spending cuts scheduled to take effect Friday unless a compromise is reached in Washington.

Warren told the New England Council she believes President Barack Obama has offered a “balanced” plan that calls for revenue increases along with targeted cuts. But she said she did not know at this point whether a deal could be struck with reluctant Republicans in Congress.

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