Road Projects a Casualty of Oil Crisis

ABC News – Asphalt Prices Escalate as Oil Prices Climb, Making Highway Projects More Expensive

What do the gas flowing through your car and the black asphalt under your tires have in common? Both are derived from crude oil, and as the price per barrel reaches record levels around the world, the cost of asphalt has sizzled and thrown budgets for road construction out of whack.

Because petroleum is one of the main ingredients used to make liquid asphalt, asphalt prices have skyrocketed, along with global oil costs. So if record gas and oil prices continue to climb, motorists may feel the effects
ABC News