Oil prices could wreak havoc with construction costs

March 03, 2011 |

High oil prices can lead to surcharges in deliveries as well as push up the price of raw materials such as concrete, insulation, and waterproofing materials. East Rutherford, N.J.-based Allied Building Products is projecting increases of more than 10% for a host of its products. Meanwhile, products such as Sheetrock brand Gyspsum Wallboard products are seeing 25% increases. And wire products have risen by more than 10%.

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