Beartooth Hwy & NE Entrance
Project Number(s): MT PFH 59-1(2) and WY PRA-YELL 12(5)
Project Name: Beartooth Highway and Yellowstone National Park Northeast Entrance Road
Base Price Indexes
Fuel
| 28 Day Average | Fuel ($/gallon) |
|---|---|
| Base Price Index | 2.28 |
Asphalt Cement
| 4 Week Average | Asphalt ($/metric ton) |
|---|---|
| Base Price Index | 362.38 |
Computation approaches used to determine base price indexes
Monthly Averages for 2009
| Month | Fuel | Asphalt |
|---|---|---|
| November | 2.18 | 518.08 |
| October | 2.09 | 520.84 |
| September | 2.06 | 531.86 |
| August | 2.01 | 538.75 |
| July | 1.82 | 564.38 |
| June | 1.85 | 567.68 |
| May | 1.62 | 574.30 |
| April | 1.57 | 578.71 |
| March | 1.34 | 578.02 |
| February | 1.47 | 575.95 |
| January | 1.65 | 594.69 |
Monthly Averages for 2008
| Month | Fuel | Asphalt |
|---|---|---|
| December | 1.42 | 604.61 |
| November | 2.12 | 620.04 |
| October | 2.88 | 637.88 |
| September | 3.49 | 738.54 |
| August | 3.67 | 771.61 |
| July | 3.92 | 688.94 |
| June | 3.90 | 475.37 |
| May | 3.74 | 428.24 |
| April | 3.54 | 355.49 |
| March | 3.31 | 342.40 |
| February | 2.80 | 336.20 |
| January | 2.73 | 332.07 |
Monthly Averages for 2007
| Month | Fuel | Asphalt |
|---|---|---|
| December | 2.89 | 330.69 |
| November | 3.08 | 330.69 |
| October | 2.75 | 341.71 |
| September | 2.53 | 348.60 |
| August | 2.38 | 349.98 |
| July | 2.42 | 347.22 |
| June | 2.30 | 354.94 |
Computation Approaches Used to Determine Base Price Indexes
Fuel Price Adjustment: The Base Price Index (BPI) is a price index determined by arithmetic average of OPIS publications' daily rack prices on a weekly basis for the 4 weeks preceding the bid opening.
Asphalt Cement Adjustment: The Base Price Index (BPI) is a price index determined by arithmetic average for prices in the four "Asphalt Weekly Monitor ®" publications immediately preceding the bid opening.
Last updated: Friday, March 22, 2024