Asphalt prices on the rise.The impact of high oil prices is being felt beyond the pump in Ohio. The rising cost of asphalt asphalt (ăs`fôlt, –fălt), brownish-black substance used commonly in road making, roofing, and waterproofing. Chemically, it is a natural mixture of hydrocarbons. because of high oil prices has put the brakes on many paving projects, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report in Cleveland's Plain Dealer. 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 gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by prices around $3 per gallon, the cost of transporting asphalt has also had a negative effect on paving jobs. In response to the price increase, the Ohio Department of Transportation (ODOT ODOT Oregon Department of Transportation ODOT Ohio Department Of Transportation ODOT Oklahoma Department of Transportation ) is re-evaluating its $1.4 billion construction budget, according to the paper. At this time, full cancellations of projects are not expected, however, a spokesman from ODOT tells the Plain Dealer that some projects could be delayed. |
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