
Why Is Asphalt So Expensive Right Now? Tariffs Might Be to Blame
Key Takeaways Tariffs are taxes on imported goods that can raise the cost of materials used in asphalt paving. Asphalt binder is made from crude oil, so tariffs on oil or petroleum products increase asphalt production costs. Steel and aluminum tariffs drive up the cost of paving equipment and infrastructure. Imported additives and polymers used