Market factors

Speaking of higher asphalt prices, economist Ken Simonson throws this little zinger into the latest release about construction employment issued by AGC: "Highway construction is also vulnerable," says Simonson. "Asphalt prices have risen 48 percent in the past 12 months, with spot shortages reported. Ready-mixed concrete and diesel fuel prices also are up sharply, so highway budgets don't cover as much paving as before. At the same time, a cutback in driving due to high gasoline prices means motorists are buying fewer gallons of gas, which reduces the revenues flowing into state highway trust funds." All told, this confluence of market negatives can be seen as a possible challenge to prosperity for producers. Your comment?