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Swinging Pedestrian Bridge Collapses In Giles County, Several Injured
I hope and pray for those that were injured to recover, soon.
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Gas Prices in the New River Valley
Slide Show Pict

Gasoline prices have retreated significantly within the last 10 days in the New River Valley. Convenience and brand often contribute to pricing, but not always.
 
Area prices: 'low and high' for 'regular', both at the I-81/Rt. 460 interchange, Christiansburg: $2.85 for BP; $2.99 for Exxon. That's the range within which all area stations fall in an approximate 10-mile radius. Nearby, Shell sells for $2.89.
 
From North Franklin/Rt. 460 interchange and nearby Christiansburg stations, to 1-81 ramps/460 ramps, to Riner, prices are similar. But one can save some money if the better pricing is close enough to take advantage of.

Most stations sell 'near-gas' - 10% ethanol/gasoline mixtures.  Some of the newest 'cross-over' vehicles can use up to 100% ethanol.
 
Owners of vehicles that use high-octane dread the day of more ethanol being added; they can only hope that the alcohol mixture will be strong enough to retain the 93 octane rating. One station manager said that "ethanol burns cleaner, but up to 10% less miles per gallon can be lost in some vehicles."
 
A dime per more per grade of octane-level is the norm. However, at one station, only two cents separated mid-grade from high-octane. At another, only a nickel separated 'regular' from 'mid-grade.'
 
Apparently, some suppliers have more inventory of certain grades, and/or, the demand is lower for certain grades. Mid-grade gas is very rarely recommended for most vehicles, while 'regular' dominates over 75% of the market. 'High-Octane' is often required by many manufacturers; owners need to read their owner's manuals to avoid engine damage from using gasoline that is too low in octane.
 
Brand-name-specific gasoline is suggested by many manufacturers, so that owners might use products that have the best additives, such as fuel-injector cleaner. It might pay to spend more now, to avoid possible expensive repairs in the future. Some lesser-known brands advertise engine-saving additives.
 
Other prices: Christiansburg: Citgo: $2.94, I-81/Rt. 8 interchange.  Other: $2.94; Marathon, Cambria St.: $2.89; North Franklin/460: Gas-N-Go,$2.91, Kroger: $2.92; BP $2.89.
 
Riner, Rt. 8: Riner Food Center: $2.89; Eagle Express BP $2.93.
 
It is expected that, with the current rebound in the world economic scene, that prices may rise, soon. Lower demand has been the driving force to lower prices, as well as speculators' assumptions that the world's demands would lower, as the USA's has. However, OPEC, supplier of well over 50% of the world's fuel, has promised to cut production if crude-oil prices retreat below $80 per barrel.
 
The stability of the world's economic conditions will be reflected in gasoline prices, and the lack of certainty of stability abounds. Most experts have stated that it would be a slow, unstable growth in the world's economic growth. History-making rises in markets in the USA in the last sessions,  followed by  'The Land of the Rising Sun,' Japan, this morning, and today's USA efforts to shore-up banks to loosen credit, will certainly help the overall conditions. 
 
However, buyers beware. Fill-up soon . . . there's no 'crunch' right now, prices aren't bad, and it's not good to run any vehicle that is five or more years old on a 'low' tank. Tank sediment and other 'dregs' will clog your fuel filter. Tanks 'sweat' when low on gas, dripping water into the gas, and rust may invade tank-walls, requiring replacement.

Photos by Larry Middleton, Tim W. Jackson, David Grimes and Ron Walton

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Governor Announces 50 New Jobs for Giles County
Governor Timothy M. Kaine today announced that Jennmar Corporation of East Virginia, Inc., a provider of quality roof and standing support products for the mining and tunneling industry, will invest $2.65 million to expand its facility in Giles County. The company, which acquired Commonwealth Bolt, Inc. in May 2008, will create 50 jobs and retain 23 positions. The plant will manufacture steel-related roof control products for the mining and construction industry.  Virginia successfully competed with Kentucky and West Virginia for the project.
 
New River Valley Linked to World's Most Advanced Network

BLACKSBURG, Va. -- Higher education institutions in the New River Valley are collaborating to bring 21st century network access to the region. Radford University, New River Community College (NRCC), and Virginia Tech have jointly created a new internet service called a Multimedia Services Access Point (MSAP).

“The MSAP makes it possible for the schools to connect together at speeds millions of times faster than a typical home broadband uplink, enabling new forms of collaboration,” said Jeff Crowder, program director for strategic information technology initiatives at Virginia Tech.

 
Luna Innovations Receives Funding for Brain Cancer Diagnostic Agent Using Nanotechnology
Luna Innovations Incorporated (NASDAQ: LUNA) announces an award from the National Cancer Institute (NCI) of the National Institutes of Health (NIH) to improve the detection and diagnosis of brain tumors.  Under this program, Luna will adapt its exclusive contrast agent technology using carbon nanospheres to produce an improved magnetic resonance imaging (MRI) agent.  This next-generation contrast agent will be designed to enhance tumor imaging and advance the diagnosis and treatment of this disease by directing nanomolecules to seek out specific biological targets, such as a glioblastoma tumor, one specific form of brain cancer.
 
StellarOne Corporation Announces Problem Asset Auction Results and Anticipated Loan Loss
StellarOne Corporation (Nasdaq: STEL) (StellarOne) today reported that it expects to record an additional $1.7 million pre-tax charge on the recently concluded auction of certain assets that had been reclassified as held for sale in conjunction with the merger of Virginia Financial Group, Inc. and FNB Corporation of Christiansburg. This concludes the disposition of the majority of such assets other than approximately $1 million in property that was taken back at auction and will be reflected in foreclosed assets and non-performing assets at net realizable value.
 
Taylor Office Supply Named Radford Business Of The Month

(Radford, Virginia) Grab a pen and take a quick note of Main Street Radford's Business of the month for September 2008: Taylor Office Supply. In business for over 66 years, this 4th generation family owned and operated business has been a Radford staple.

 
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