Dropping demand for gasoline has taken a chunk out of last year’s super-high prices, and refiners are shifting capital expenditures accordingly. Prices for gasoline rose 7.1¢ on Jan. 5 to $1.68 per gallon but were still down 46% overall since a year ago, reports the federal Energy Information Administration. On-highway diesel prices fell 3.6¢, to $2.29, a 32% drop since 2008 and the lowest in years. Despite the winter price rollback for both fuels, diesel is “the growth fuel, globally,” says Allen Schaeffer, executive director of Washington, D.C.-based Diesel Technology Forum. As such, ExxonMobil Corp. and others are boosting output
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.