Fernan Lake
Project Number: ID PFH 80-1(1)
Project Name: Fernan Lake Road
Base Price Indexes
Fuel
| 28 Day Average | Fuel ($/gallon) |
|---|---|
| Base Price Index | 4.05 |
Asphalt Cement
| 4 Week Average | Asphalt ($/US ton) |
|---|---|
| Base Price Index | 687.50 |
Computation approaches used to determine base price indexes
Monthly Averages for 2010
| Month | Fuel | Asphalt |
|---|---|---|
| November | 2.74 | 475.00 |
| October | 2.70 | 479.50 |
| September | 2.48 | 593.13 |
| August | 2.36 | 510.00 |
| July | 2.19 | 510.53 |
| June | 2.26 | 523.50 |
| May | 2.32 | 530.00 |
| April | 2.56 | 508.00 |
| March | 2.35 | 500.00 |
| February | 2.12 | 500.00 |
| January | 2.11 | 490.00 |
Monthly Averages for 2009
| Month | Fuel | Asphalt |
|---|---|---|
| December | 2.02 | 483.13 |
| November | 2.18 | 470.00 |
| October | 2.16 | 492.50 |
| September | 2.09 | 509.38 |
| August | 2.03 | 512.50 |
| July | 1.77 | 515.50 |
| June | 1.87 | 512.50 |
| May | 1.65 | 525.50 |
| April | 1.70 | 550.00 |
| March | 1.29 | 562.50 |
| February | 1.44 | 562.50 |
| January | 1.72 | 562.50 |
Monthly Averages for 2008
| Month | Fuel | Asphalt |
|---|---|---|
| December | 1.45 | 587.50 |
| November | 2.07 | 596.88 |
| October | 2.66 | 747.50 |
| September | 3.30 | 859.38 |
| August | 3.68 | 825.00 |
| July | 4.08 | 718.75 |
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