McKenzie Highway
Project Number: OR PFH 22(14)
Project Name: McKenzie Highway
Base Price Indexes
Fuel
| 28 Day Average | Fuel ($/gallon) |
|---|---|
| Base Price Index | 2.52 |
Asphalt Cement
| 4 Week Average | Asphalt ($/US ton) |
|---|---|
| Base Price Index | 625.00 |
Computation approaches used to determine base price indexes
Monthly Averages for 2009
| Month | Fuel | Asphalt |
|---|---|---|
| November | 2.04 | 432.50 |
| October | 2.03 | 404.00 |
| September | 2.02 | 339.38 |
| August | 1.96 | 455.00 |
| July | 1.72 | 453.00 |
| June | 1.88 | 441.25 |
| May | 1.62 | 420.50 |
| April | 1.58 | 441.25 |
| March | 1.27 | 462.50 |
| February | 1.32 | 462.50 |
| January | 1.55 | 484.00 |
Monthly Averages for 2008
| Month | Fuel | Asphalt |
|---|---|---|
| December | 1.35 | 487.50 |
| November | 1.91 | 519.38 |
| October | 2.45 | 617.50 |
| September | 3.07 | 747.50 |
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: Monday, August 5, 2019