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Construction prices increase along with gas

Pain at the gas pump continues, and those high prices are affecting products beyond gasoline.

The average price for a gallon of regular gas in Albany is $3.70 today.

That's 25 cents higher than a month ago. Oil prices are above 100-dollars a barrel. High oil prices often mean an increase in construction costs and other areas.

The cost of materials to build a new home today are up more than five percent from just a year ago and commercial construction isn't much better.

Darton College's new bookstore is under construction right now.  If that same building had been built a year ago, the construction costs may have been nearly 5 percent cheaper than what they are today. 

The cost of many construction materials are up because they're petroleum based.

"Asphalt, shingles, asphalt paving, PVC pipe that kind of thing it has gone up.  Some of your drywall costs," said Ben Barrow, LRA Construction President.

As fuel prices continue to climb so will those cost of those construction materials, but the industry has tried to make up for some of it.

Judge Rules in Favor of E-Book Consumers in Civil Price-Fixing ...

NEW YORK, May 15, 2012 (GLOBE NEWSWIRE) -- Today a United States District Court judge flatly denied court petitions by several of the nation's largest book publishers and Apple (Nasdaq: AAPL ) to dismiss a nationwide class-action lawsuit that... "We thought that Judge Cote's ruling was spot on, especially when she noted that we've gone above and beyond in illustrating the legitimacy of our case," said Steve Berman, lead counsel representing consumers in the nationwide class action and... The 56-page ruling, issued by Judge Denise Cote of the United States District Court for the Southern District of New York, is the first substantive ruling in the litigation. 9, 2011, and seeks to represent purchasers of e-books who the complaint says were forced to pay tens of millions of dollars more for their favorite titles because of a price-fixing scheme organized by the e-book publishers and Apple....

Read more...

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