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Lower gasoline prices having some positive effects on construction industry.

Publication: Mississippi Business Journal
Publication Date: 15-DEC-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Mercifully, gasoline prices are falling, providing welcome relief to individuals and businesses in all sectors. How do the lower fuel costs affect the construction industry?

"Yes, lower gas prices are affecting our industry," says Buddy Edens, president and CEO of the Mississippi Associated Builders & Contractors. "Oil is the basis of a lot of building Products. When the price of oil comes down, then other prices drop, too, such as asphalt. So, this drop will help other prices drop, too. Also, transportation costs will be lower."

As executive director of the Mid...

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