How To Combat Rising Asphalt Prices

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

How Much Does Asphalt Paving Cost?

The Asphalt Cement and Fuel Price Index reports the price per ton of liquid asphalt rose sharply from $332 in 2017 to $466 in 2020. Unfortunately, thanks to the unstable economy, sulphur fuel regulations, 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.

The effects of the surge in price are already evident not just in New Jersey, but 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 some solutions to combat the rising cost of asphalt. In this article you’ll learn how to lock in your rate and avoid paying more for asphalt paving, resurfacing and sealcoating.

Schedule your projects now
If we use the volatile state of the construction and commodities markets in 2018 as an indicator for 2020, now is the time to schedule your asphalt paving, repair and resurfacing projects. 2018 proved that hoping for asphalt prices to improve is about as useful as hoping the cracks in your driveway will just magically disappear. Like most things in life, you need to prioritize your asphalt project in order to make it go away. It’s also likely to get worse as time, weather, chemical, salt and regular wear and tear erode the integrity of your asphalt surface.

It’s best to bite the bullet and find a local paving provider, such as Henry’s Asphalt Paving, that you trust with your property, and place your asphalt order before prices skyrocket and materials become scarce.

Don’t Wait For Winter Damage
The winter temperatures cause damage to asphalt surfaces. Low temperatures, snow, and ice can worsen 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, salt and heavy equipment can inflict serious damage on your parking lot. As cracks widen and more moisture enters and freezes, your cracks will transform into potholes, which makes an unpleasant experience for your customers and an unwelcome surprise to your snow plowers! 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.

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

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.

Pavement Management Plans 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 Henry’s Asphalt Paving for a consultation today.