Oil prices seep into asphalt costs, detour road work

CHICAGO


“We will do what patching we can, but this will truly, truly be a devastating blow to the infrastructure,” says Shirlee Leighton, a county commissioner in Lake County, S.D., where a 5-mile repaving project was postponed after bids came in $79,000-$162,000 higher than the $442,000 budget.

The mix used to resurface roads consists of gravel and sand held together with a binder called liquid asphalt, which is made from crude oil. As oil prices rise, so does the cost of asphalt, says Don Wessel of Poten & Partners, a consulting firm that publishes Asphalt Weekly Monitor. “Prices are the highest I’ve seen in many, many, many years,” he says. “The concern is that they will go up considerably.”

Increases in the cost of diesel fuel used to transport, heat and lay asphalt are adding to the sticker shock, too, creating headaches across the USA…

USA Today