Key takeaways:
- The impact of inflation is seeping into the pavement under your feet as sky-high diesel and asphalt costs drive up the price of surfacing streets and parking lots.
- The firm is spending vastly more on asphalt and diesel fuel this year.
The impact of inflation is seeping into the pavement under your feet as sky-high diesel and asphalt costs drive up the price of surfacing streets and parking lots.
One of the firms feeling the pinch is English’s Paving, a Paradise-based business owned by Peter and Kim English.
Peter English understands how to make a point, and during a driveway paving career in Bay de Verde this week, he held up a shovel loaded with hot mix asphalt and rode to the nearby CBC camera.
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“That’s $60 additional a tonne this year than last year, not calculating the diesel cost.
So it’s tough to make a go of it,” English said, raising his voice to be heard over the shouting of trucks, a road roller, and a small loader.
The essential ingredients in road construction and driveway paving are petroleum-based products. With oil continually trading outside the US $100 per barrel in recent months, it’s not unexpected that the trickle-down effects have struck people like English.
Source – CBC News
