JUST IN: Asphalt prices curbing road projects

NORWALK The rising price of oil doesn’t just impact drivers, it impacts roads. Petrol
Sandusky Register Staff
May 24, 2010

NORWALK

The rising price of oil doesn’t just impact drivers, it impacts roads.

Petroleum is one of the core ingredients in asphalt and, with oil prices hovering well above $100 a barrel, the cost of asphalt has skyrocketed in recent years.

The number of paving projects by cities and townships have seen a decline that corresponds with the price of oil.

“They only have so much money to work with every year, and when rising costs and materials go up, it’s going to shorten up the amount of resurfacing they are allowed to do,” said Chris Schaeffer, president of Erie Blacktop. “It’s gone hand-in-hand with fuel prices.”

Read more in Thursday’s Register.