North Fork Teton
Project Number: MT PFH 74(1)
Project Name: North Fork Teton River Road
Bid Opening Date: June 2, 2010
Base Price Indexes
Fuel
OPIS Report Location: Great Falls, MT
| Week / Date | Fuel ($/gallon) |
|---|---|
| 1 / May 12 | 2.46 |
| 2 / May 19 | 2.40 |
| 3 / May 26 | 2.23 |
| 4 / June 2 | 2.19 |
| Base Price Index | 2.32 |
Asphalt Cement
Asphalt Weekly Location: Eastern Montana
| Week / Date | Asphalt ($/US ton) |
|---|---|
| 1 / May 10 | 512.50 |
| 2 / May 17 | 512.50 |
| 3 / May 24 | 512.50 |
| 4 / June 15 | 505.00 |
| Base Price Index | 510.63 |
Computation approaches used to determine base price indexes
Monthly Averages for 2010
| Month | Fuel | Asphalt |
|---|---|---|
| December | 2.58 | 460.00 |
| November | 2.63 | 453.00 |
| October | 2.52 | 442.50 |
| September | 2.26 | 443.75 |
| August | 2.20 | 463.50 |
| July | 2.17 | 481.25 |
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