Update: This article was written in 2009. The outlook for asphalt prices in 2012 is still not very good. As of June 2012, asphalt prices are still near the highs from 2010. It’s very hard to predict what will happen to prices in 2013 but it’s likely prices will be very volatile and higher than the prices shown in this article.
Asphalt Driveway Cost
First let me point out that this article is only a guide so that you can get a feel for what a new driveway may cost. Please remember that local markets will fluctuate quite a bit based on demand and current asphalt prices and any heavy haul services required. Also, these prices assume no base prep work which can add quite a bit of money to the job.
Recently we had the “wearing surface” of our driveway installed. Before paving the wearing course I did some quick estimates of the asphalt driveway cost. When we built our home three years ago I only had the first 2-inches of base asphalt pavement installed. I opted to wait before I installed the wearing surface (top 1-inch) to save money and also let the sub-base and base settle over several winters.
Now that we’ve been through several winters I decided it was time to finally install the wearing surface before the pavement was damaged by water and settlement. So I thought it might be fun to show you how to calculate how many tons of asphalt pavement you need to help understand what an asphalt driveway cost. Alternatively you can use a driveway cost calculator.