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Buffalo Business Report - Monday Aug. 6, 2012



You are paying about 5 cents more for gasoline this week,  than you did one week ago.
The latest numbers from the AAA... The average prie of a gallon of regular in greater Buffalo and Niagara Falls is $3.69,  up a half a penny in one day, and up from $3.64 a week ago. For the first time in a while Buffalo Rochester and Syracuse are all wiothin a few pennies of each other at the bottom of the statewide pricing list. Rochester just a shade lower than the rest.

New data from energy industry analysts and the federal government show that the Marcellus Shale is about to become the most productive natural gas field in the United States, even though serious drilling only began five years ago.  The volume of Marcellus production suggests that in some ways there's no going back, even as New York debates whether to allow drilling in its portion of the shale. It also lies under large parts of Pennsylvania, West Virginia and Ohio.  Jay Apt, a professor of technology at Carnegie Mellon University, questions whether the bounty will fuel the growth of local industry, or whether it will be shipped to Canada, the Gulf Coast or even overseas, where the price of natural gas is much higher.


The Bonaventure Square development on Route 417 in Allegany across from St. Bonaventure University has a new lead developer
Officials at Kinley Corporation and St. Bonaventure University announced today that Kinley has assumed the role of lead developer.  They will proceed wth the project in two phases.. overall cost is 65 million
 

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