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I think before the world went nuts 4/4 FAS red oak was running $2.30. All things considered $3.45 doesn't sound bad.These are the prices I paid today for hardwood at HoustonHardwoods.com
Padauk 4/4 $10.50/ Bd. Ft.
Curly Maple 4/4 $8.15/ Bd. Ft.
Red Oak 4/4 $3.45? Bd. Ft
Red Oak 4/4 at 10" wide $3.80/ Bd. Ft.
Red Oak 6/4 $4.10/ Bd. Ft.
Red oak 8/4 $4.30/Bd. Ft.