How Oil Prices Affect Your Driveway and Parking Lot Costs in Lancaster, Chester, Berks & Delaware Counties
Here at Lyons & Hohl Paving, we're committed to providing top-notch paving services for driveways and parking lots across Lancaster, Chester, Berks, and Delaware Counties. But with the ever-changing world of oil prices, you might be wondering how it affects the cost of your project. Let's break down the key factors:
Asphalt's Not-So-Secret Ingredient: Crude Oil
Asphalt is a byproduct of crude oil refining. So, when oil prices rise, the cost of the raw material for asphalt naturally goes up too. Think of it like flour for bread. If flour prices jump, bakeries typically raise their bread prices.
Transportation Takes a Hit
Oil prices don't just affect the asphalt itself, but also the cost of getting it to your driveway or parking lot. Trucks that haul asphalt rely on fuel, and with higher oil prices, transportation costs increase. This additional expense gets factored into the final price of your project.
The Great Supply Chain Shuffle
Geopolitical tensions and environmental concerns can disrupt the global oil supply chain. This can lead to temporary shortages of asphalt, driving the price up due to simple supply and demand.
Planning Your Project: Lyons & Hohl Paving Here to Help
While oil prices can affect asphalt costs, there's good news! Here at Lyons & Hohl Paving, we strive to offer competitive prices and exceptional service for your paving needs:
Free Estimates: Get a clear picture of your project costs upfront.
Transparent Communication: We'll keep you informed about any potential price fluctuations due to oil or other factors.
Expert Installation: Our experienced crews ensure a high-quality, long-lasting asphalt surface for your driveway or parking lot.
Don't Let Oil Price Jitters Stall Your Project
Whether you're enhancing your home's curb appeal with a new driveway or ensuring a smooth parking experience for your business, Lyons & Hohl Paving is your trusted partner. Contact us today to schedule a free consultation and discuss your paving project!