Thursday, June 23, 2005

Oil's not well

Oil is hovering at around $60 per barrel these days. That's bad news for anyone who fills their tank, whether it's a family car or a gas-guzzling off-highway haul truck. But the high oil prices also affect the construction-materials supply chain. The price of asphalt is up about 13 percent this year, according to information gathered by Engineering New Record. A number of articles have been published on this topic recently. Do construction materials producers need to get more for their product? Yes, but but it's tough to add to your own bottom line when you need a steep price increase just to cover raw materials. Your comment?