3 Ways to Combat Rising Asphalt Prices

Rose Paving / December 07, 2019

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Pencil In Your Paving Work Now To Lock In Your Rate And Avoid Paying More

 Lock In Your Rate And Avoid Paying More for asphalt

Asphalt prices are on the rise. According to a report by the Associated General Contractors of America, the cost of all goods used in construction rose 8.8 percent between May 2017 and May 2018. This year wasn’t any better

How Much Does Asphalt Paving Cost?

The Herald & Review reports the price per ton of liquid asphalt rose sharply from $352.50 to $498.50 in 2019. Unfortunately, thanks to the unstable economy, trade restrictions and the promise of more tariffs, construction industry experts predict the cost for raw materials like asphalt and concrete will skyrocket in the coming year.

DOT asphalt rising cost analysis
Asphalt costs are only increasing

The effects of the price surge are already evident in communities across the country, as many public works and highway departments are now forced to rely on cheaper, less durable materials for coat-and-seal work.

Fortunately, there are methods to combat the rising cost of asphalt and concrete. In this article you’ll learn how to lock in your rate and avoid paying more for asphalt paving, resurfacing and sealcoating.

Don't wait until winter to schedule your pojects

1. Schedule your projects now
If we use the volatile state of the construction and commodities markets in 2019 as an indicator for 2020, now is the time to schedule your asphalt paving, repair and resurfacing projects. 2019 proved that hoping for asphalt prices to improve is about as useful as hoping the pothole in your parking lot will just magically disappear.

Like most things in life, your asphalt project won’t go away unless you prioritize it. It’s also likely to get worse as time, weather and regular wear and tear erode the integrity of your asphalt surface.

It’s best to bite the bullet and find a national paving provider, such as Rose Paving, that you trust with your property, and place your asphalt order before mixing plants close for the winter prices skyrockets and materials become scarce.

2. Don’t Wait For Winter Damage
The winter cold is especially damaging to asphalt structures. Low temperatures, snow, and ice can exacerbate existing cracks and greatly reduce the lifespan of your parking lot. That’s why it’s best not to wait until winter to schedule repairs to your asphalt parking lot. Once the temperature drops it will be too cold to pave.

There is also the issue of snow removal. Snow plows and heavy equipment can inflict serious damage on your parking lot. Your asphalt parking surface can also be damaged by large cracks that are strewn across your asphalt surface and can turn into potholes.

The longer you wait to repair your asphalt, the more likely it is you will damage your snow plow when you attempt to clear any snow. Simple preventative maintenance, such as cracksealing and sealcoating, can thwart the winter wreckage and prevent nasty surprises from surfacing after you shovel off the snow.

3. Preventative Maintenance
Milling and replacing an entire parking lot is never a cost-efficient option, but severe pavement problems only grow more expensive as time goes on. There is no better way to reduce your overhead and combat the rising cost of asphalt repair than to not need it in the first place. Here are some preventative maintenance measures that you can take to prolong the life of your parking lot.

Cracksealing – Prevents the accumulation of water and debris within the cracks in your asphalt surface.

Sealcoating – Provides resistance to oil and gas spills and halts the spread of stress fractures, thereby improving the aesthetics of the asphalt surface and prolonging the life of the entire asphalt structure.

Storm Basin Repair – Storm Basins are designed to catch and deter water from the asphalt surface before it can accumulate and cause damage. If you notice cracks in your storm basin or water accumulating where it shouldn’t, it’s time to contact Rose Paving.

Preventative maintenance is key to your bottom line and any organization looking to keep a low overhead. You can preserve your parking log for pennies per square foot and save your bottom line by contacting Rose Paving for a consultation today.

Contact Rose Paving For A Consultation
At Rose Paving, we’re dedicated to being the best full service paving contractor in the country. That means we not only provide excellent service, we’re also here to answer any and all questions you might have about asphalt prices, asphalt maintenance and asphalt repair.

It doesn’t matter if you need to pave your parking lot or an entire parking structure, we work with every client to find the best solution for their asphalt project. Contact us today to discuss how this price hike affects you and learn how we can help you manage through it,