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Posted Mon Jul 21 2008: from Pioneer Press (Minnesota):
Asphalt shortage raises the price of roadwork http://apocadocs.com/s.pl?1216664514
Refinery asphalt prices nationally have risen more than 40 percent since March, government statistics show.... According to Simonson, refiners are trimming asphalt production in favor of more profitable products such as gasoline, diesel fuel, jet fuel and kerosene. Some refiners have invested heavily in cokers, he said, to further break up crude oil molecules and wring out still more fuel, leaving little or no asphalt. "That shift, plus record-high crude prices, explains the huge surge in asphalt prices in the last few months," Simonson said.
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