Cascade-Warm Lake
Project Number: ID PFH 22-1(11)
Project Name: Cascade-Warm Lake Road
Base Price Indexes
Fuel
| 28 Day Average | Fuel ($/gallon) |
|---|---|
| Base Price Index | 3.5664 |
Asphalt Cement
| 4 Week Average | Asphalt ($/metric ton) |
|---|---|
| Base Price Index | 509.81 |
Computation approaches used to determine base price indexes
Monthly Averages for 2009
| Month | Fuel | Asphalt |
|---|---|---|
| March | 1.39 | 633.82 |
| February | 1.47 | 620.04 |
| January | 1.67 | 620.04 |
Monthly Averages for 2008
| Month | Fuel | Asphalt |
|---|---|---|
| December | 1.61 | 647.60 |
| November | 2.09 | 661.38 |
| October | 2.88 | 829.48 |
| September | 3.36 | 947.29 |
| August | 3.68 | 909.40 |
| July | 4.11 | 799.17 |
| June | 4.10 | 651.05 |
| May | 3.93 | 545.64 |
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 for the 28 calendar days 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: Tuesday, December 17, 2019