Mesa AZ Roofing Company Rhino Tuff Roofing answers questions about the high cost of roofing materials.
With today’s economy people are becoming increasingly sensitive to the costs of goods and services being offered today. Many folks have been asking us why the price of roofing materials continues to rise even though the cost of petroleum has decreased over the last year. Well, here is our assessment of the situation.
Everyone knows that composite roofing shingles are petroleum based. Typically, when oil prices rise there is a resulting price increase in composite shingles. On the reverse side, when oil prices decline so do the cost of composite shingles. This has not been the case this past year.
I had a conversation with a petroleum engineer recently and he explained the reason for this. He stated that if you had a barrel of oil most of it would be refined into fuel while the remaining “sludge” at the bottom would be the only portion that would be used for asphalt related products such as composite shingles. Thanks to recent innovations in technology that now enable a greater position of the sludge to be converted into fuel there is less sludge left over in the refining process.
The sad fact is that improvements in refining processes have created a decrease in the supply of the cheap sludge that is used to manufacture composite shingles. This has forced shingle manufacturers to pay higher prices for sludge, and of course they pass these higher prices along to the end consumer.
Hopefully you now have a better understanding of the situation, and thank you for your contiued patronage!
Mesa AZ Roofing Company Rhino Tuff Roofing is a licensed contractor that has been in the business for 10 years. We are an approved contractor for all insurance companies. You can check us out at: www.rhinotuffroofing.com