Shingle Prices Will Follow Gas Prices
Recent news has told us that gas prices have risen 13 cents already this year. It is expected that gas will be above the $4.00 mark soon in LA and New York. Some projections have gas in our area at $4.50 by Memorial Day. I hope this is not the case, but we all have little control over this.
What most people do not know is that the largest two cost components to shingles are asphalt and transportation cost. Both of these are directly tied to petroleum. In 2008 the wholesale price of shingles doubled from the start of the year to the end as gas went from $2.50 to $4.00 a gallon.
Originally published 2/15/12