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U.S. Department of Transportation U.S. Department of Transportation Icon United States Department of Transportation United States Department of Transportation

North Umpqua Highway

Project Number: OR PFH 47(1)
Project Name: North Umpqua Highway
Bid Opening Date: July 20, 2010

Base Price Indexes

Fuel

OPIS Report Location: Portland, OR

Week / Date Fuel  ($/gallon)
1 / June 28 2.23
2 / July 6 2.20
3 / July 12 2.08
4 / July 19 2.14
Base Price Index 2.16

Asphalt Cement

Asphalt Weekly Location: Portland, OR

Week / Date Asphalt  ($/ton)
1 / June 28 467.50
2 / July 6 467.50
3 / July 12 467.50
4 / July 20 467.50
Base Price Index 467.50

Computation approaches used to determine base price indexes

Monthly Averages for 2010

Month Fuel Asphalt
December 2.67 432.50
November 2.48 427.50
October 2.58 430.00
September 2.43 433.13
August 2.29 458.50
July 2.13 467.50

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