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Buffalo Business Report - Friday, March 7th 2014

Gas prices are still going up.  A two cent jump this week puts the local average for a gallon of unleaded at $3.75.  That reflects a twelve cents per gallon increase in the past month, according to the AAA.

Good news across the board for Buffalo regarding the various bond rating agencies.  Standard & Poor’s has upgraded the City of Buffalo’s bond rating to “A+” in its latest rating report.  Earlier, Moody’s affirmed its “A1” rating for the city and Fitch maintained its “A+” rating.  The glowing reports mean bonds can be taken out at lower interest rates for tax payers.

Home Furniture Gallery has announced its remaining location at 3770 Union Road next to the Walden Galleria will also be going out of business.  A sale date has yet to be determined.  The Tonawanda location of Home Furniture Gallery is in the process of liquidating its stock.

Chairman and CEO Peter Hunt of HUNT Real Estate ERA was recently named Realtor® of the Year by the Buffalo Niagara Association of Realtors.

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