Flash Flood Watches are posted through Monday morning for all of Texoma. The most concentrated rainfall is expected Saturday night into Sunday. Please be alert to floodwaters, washed out roads and rising creeks.
7-27-06 The rising price of oil is affecting prices away from the fuel pump. Cities, counties and state budgets are taking a hit right underneath your feet.
It takes 800 tons of asphalt to pave a mile of road. In the last six to eight months, the price of asphalt went from about $35 a ton to $65.
Bids on most of the projects under construction now were set months ago. Lucky for the city, once a contractor agrees on a price, it's set in stone, and it's up to the companies to gauge the cost of materials.
With the market fluctuating like it is, you can say that's a gamble.
Many of the state road contracts have a clause that compensates the contractor for the fluctuating price of materials. City leaders say they don't think they'll have to resort to that.