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Latest News
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Asphalt Prices
A number of customers are asking why the prices of asphalt-based roofing products keep increasing, even though crude oil prices started to decline.
In addition to crude oil prices, other factors are impacting asphalt costs, including stock availability for the roofing product industry and the peak seasonal demand for paving asphalt.
Several oil refineries in North America have stopped producing asphalt altogether, to focus on the production of more lucrative products such as motor gasoline. This has reduced the available supply and as a result, a number of roofing plants in the United States had to shut down or discontinue their operations.
The paving industry is also impacted and a number of projects have been discontinued or postponed.
Therefore, we expect asphalt prices, including roofing product prices, to continue to increase and encourage you to plan your purchases accordingly.
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