Higher Oil Prices Making Road Construction More Expensive in SeMo - KAIT Jonesboro, AR - Region 8 News, weather, sports

Cape Girardeau, MO

Higher Oil Prices Making Road Construction More Expensive in SeMo

JUNE 26, 2006 - Posted at 10:02 a.m. CST

 

CAPE GIRARDEAU, MO - Rising oil prices are forcing community road crews to cut back on traffic repairs.

Oil is a key ingredient in ashphalt.  The rising price of petroleum has forced the price of liquid asphalt to go from $190 per ton last summer to more than $400 per ton next month.

The Missouri Department of Transportation has also sucked up much of the current supply as it re-surfaces 2,200 miles of roads across the state.

That has cities like Cape Girardeau having to reduce their road repair plans this year.  City Engineer Jay Stencel says his city usually spends $500,000 for summer projects but will spend only $300,000 waiting for asphalt prices to stabilize.

(Copyright 2006 by The Associated Press.  All Rights Reserved.)

Powered by Frankly