Originally created 03/14/03

Business briefs



Gas prices hit another high mark

Augusta fuel prices inched up Thursday to an all-time high, breaking the record set Wednesday, according to AAA Auto Club South.

The travel organization's daily "fuel gauge report" showed the average price for a gallon of regular unleaded gasoline in Augusta was $1.534, up from the $1.531 reported a day earlier. Diesel fuel prices fell to $1.693 from $1.694 on Wednesday.

Based on the AAA survey, Augusta had the lowest metro-area regular fuel prices in the state. Macon was No. 2 with $1.536. Savannah had the highest prices, at $1.595.

CPA will speak at business seminar

The Augusta Metro Chamber of Commerce is sponsoring a financial management seminar for small-business owners, featuring a national expert who will discuss everything from fraud and embezzlement to IRS audits.

Ed McMillian, a certified public accountant and author of The Audit, will be in the conference room of the Augusta Career Center at 601 Greene St. from 9 a.m. to 1 p.m. March 21.

To register for the $25-per-person seminar, call Brenda Morton at 821-1323.

Rotary club raffle helps children's camp

The Augusta West Rotary Club is raising funds for Walton Rehabilitation Hospital's Camp To Be Independent program for children with traumatic and debilitating head injuries.

The club is selling raffle tickets that offer a chance to win more than two dozen vacation packages coordinated through Augusta's AAA travel agency office.

Camp TBI is designed to foster independence among the disabled children. For tickets, call Jeremy Coglan at 736-7600.

30-year mortgages hit new low in rates

WASHINGTON - For the fourth week in a row, rates on 30-year mortgages fell to a new low, good news for a housing market that has been one of the few bright spots for the struggling economy.

The average interest rate on 30-year fixed-rate mortgages dropped to 5.61 percent for the week ending March 14, Freddie Mac, the mortgage company, reported Thursday in its weekly nationwide survey.

That surpassed the previous record low of 5.67 percent, set last week. The new rate marked the fourth week in a row and the fifth time this year that rates on the benchmark mortgage dipped to a new weekly low.