Mission Ridge
Project Number: WA PFH 216-1(1)
Project Name: Mission Ridge Road
Base Price Indexes
Fuel
| 28 Day Average | Fuel ($/gallon) |
|---|---|
| Base Price Index | 2.03 |
Asphalt Cement
| 4 Week Average | Asphalt ($/US ton) |
|---|---|
| Base Price Index | 350.00 |
Computation approaches used to determine base price indexes
Monthly Averages for 2009
| Month | Fuel | Asphalt |
|---|---|---|
| March | 1.26 | 455.00 |
| February | 1.32 | 487.50 |
| January | 1.53 | 493.50 |
Monthly Averages for 2008
| Month | Fuel | Asphalt |
|---|---|---|
| January | 2.49 | 334.38 |
| February | 2.77 | 344.00 |
| March | 3.21 | 381.25 |
| April | 3.49 | 415.00 |
| May | 3.82 | 447.50 |
| June | 3.86 | 512.50 |
| July | 3.93 | 587.50 |
| August | 3.44 | 727.50 |
| September | 3.07 | 709.38 |
| October | 2.44 | 612.00 |
| November | 1.90 | 519.38 |
| December | 1.35 | 495.00 |
Monthly Averages for 2007
| Month | Fuel | Asphalt |
|---|---|---|
| February | 1.94 | 340.00 |
| March | 2.00 | 337.00 |
| April | 2.17 | 335.00 |
| May | 2.15 | 337.50 |
| June | 2.13 | 337.50 |
| July | 2.24 | 340.00 |
| August | 2.23 | 340.00 |
| September | 2.29 | 340.00 |
| October | 2.68 | 340.00 |
| November | 2.79 | 333.00 |
| December | 2.57 | 332.50 |
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: Tuesday, December 17, 2019