Beaver Creek
Project Number: OR PFH 124-1 (1)
Project Name: Beaver Creek Road
Base Price Indexes
Fuel
| 28 Day Average | Fuel ($/gallon) |
|---|---|
| Base Price Index | 1.31 |
Asphalt Cement
| 4 Week Average | Asphalt ($/metric ton) |
|---|---|
| Base Price Index | 508.70 |
Computation approaches used to determine base price indexes
Monthly Averages for 2010
| Month | Fuel | Asphalt |
|---|---|---|
| December | 2.67 | 476.74 |
| November | 2.48 | 471.23 |
| October | 2.58 | 473.99 |
| September | 2.43 | 477.44 |
| August | 2.29 | 505.40 |
| July | 2.13 | 515.33 |
| June | 2.19 | 515.33 |
| May | 2.21 | 529.79 |
| April | 2.51 | 538.47 |
| March | 2.24 | 512.57 |
| February | 2.09 | 512.57 |
| January | 2.06 | 497.69 |
Monthly Averages for 2009
| Month | Fuel | Asphalt |
|---|---|---|
| December | 2.00 | 494.66 |
| November | 2.04 | 476.74 |
| October | 2.03 | 445.33 |
| April | 1.57 | 486.39 |
| May | 1.62 | 463.52 |
| June | 1.88 | 486.39 |
| July | 1.72 | 499.34 |
| August | 1.96 | 501.55 |
| September | 2.02 | 440.23 |
| October | 2.03 | 445.33 |
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