Asphalt Prices on the Rise

The rising cost of asphalt because of high oil prices has put the brakes on many paving projects, according to a report in the Plain Dealer (Cleveland).

In the past year, the cost of liquid asphalt has risen from an estimated $190 to $270 per ton nationwide, according to the report, causing even the biggest asphalt customers to delay paving projects.

With gasoline prices around $3 per gallon, the cost of transporting asphalt has also had an effect on paving jobs.