Escalation Factors for Beaver Creek Road

Project Number: OR PFH 124-1 (1)
Project Name: Beaver Creek Road

Base Price Indexes

Fuel

28 Day AverageFuel  ($/gallon)
Base Price Index1.31

Asphalt Cement

4 Week AverageAsphalt  ($/metric ton)
Base Price Index508.70

Computation approaches used to determine base price indexes

Monthly Averages for 2010

MonthFuelAsphalt
December2.67476.74
November2.48471.23
October2.58473.99
September2.43477.44
August2.29505.40
July2.13515.33
June2.19515.33
May2.21529.79
April2.51538.47
March2.24512.57
February2.09512.57
January2.06497.69

Monthly Averages for 2009

MonthFuelAsphalt
December2.00494.66
November2.04476.74
October2.03445.33
April1.57486.39
May1.62463.52
June1.88486.39
July1.72499.34
August1.96501.55
September2.02440.23
October2.03445.33

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.