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Article: Supply shortage hits asphalt industry hard
- Article from:
- THE JOURNAL RECORD
- Article date:
- July 21, 2008
- Author:
CopyrightCopyright 2008 THE JOURNAL RECORD. Provided by ProQuest LLC. (Hide copyright information)
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The asphalt business has hit a bump in the road.
Haskell Lemon Construction Co. has been in business for about 60
years, said Vice President Bob Lemon. He's seen prices for
construction materials go up and down. But before this summer, he
had never seen a shortage of asphalt materials.
Then again, no one has ever seen oil at more than $130 a barrel,
or gasoline prices so close to $4 per gallon. Prices on all products
made using oil have skyrocketed as well.
"We've done some scrambling," said Lemon.
"For an asphalt company, that's not a good thing to run out of
asphalt."
The company gets oil from local refineries and mixes it with
rocks and sand to produce asphalt, which is provided to ...