The Price For Asphalt Is On The Rise

The rapidly rising cost of crude oil isn't just making it more expensive to drive it's also making it more expensive to build new roads the Florida Department of Transportation says the cost of asphalt is going up. Because it's a petroleum based product. But in an odd twist news channel -- Jeff Patterson reports the increasing cost of asphalt. Is being offset somewhat by a downturn in the housing market.

The price of the pavement these guys are putting down is going up. The Florida Department of Transportation says at the beginning of last year asphalt plus roughly fifty dollars for sun but the black art is. Petroleum based product and the cost as nearly double its now 95 dollars. The president also is deathly increasing summit said we have -- pay -- just an -- contracts the original cost of the Tampa airport interchange was dead at 192. Million dollars. Increasing -- and fuel prices have now push that price up by more than one point seven million dollars here on almost a road originally dead at 33 point three million it's gone up by more than 357000. And this project of -- beat downs has gone up by more than 46000 dollars. Due to increased price -- it's -- cost of basketball is increasing dramatically the Florida Department of Transportation says. There's increasing competition in the road paving industry.

We're seeing better this right now we've. Because they believe the housing market has subplots that actually benefiting DOT.

Bruce walker is with supervised services a DOT certified contractor he's here today to drop off a bid for a quick response project. Walker says he's seeing more companies bid for the same jobs with the decline in the housing market and private development a lot of the contractors that war. Typically. Involving those types of Markus naslund into the municipalities and agility work in its incoming. Quite more popular in quite more competitive more competition better bids lower prices. The cost of materials going up but for now the work goes along Jeff Paterson is channeling.