McKinney Roofing Company Explains High Cost of Roofing Materials
McKinney Roofing Company owner J.D. Dunphy, President of Tornado Alley Roofing, explains the high cost of roofing materials.
Is it true: What goes up must come down? The answer is “yes” if Newton’s Theory applies. Unfortunately, for roofing contractors and property owners Newton’s law does not apply.
We are often asked by property owners why it is that the price roofing materials continues to rise even though petroleum prices have declined. It’s common knowledge that roofing shingles are petroleum based. Traditionally, when oil prices rose there was a corresponding price increase in shingles. Conversly, when oil prices declined so did the cost of shingles. Such has not been the case this past year. Throughout the better part of 2008 oil prices continued to decline yet the cost of roofing material steadily increased. This puzzled property owners and roofing contractors alike.
In a conversation with a petroleum engineer he explained the reason for this paradox. He went on to say that if you had a barrel of oil most of it would be refined into fuel while the remaining “sludge” at the bottom could only be used for asphalt related products such as shingles. That was true prior to recent innovations in technology that now enable a greater position of the sludge to be converted into fuel.
This has caused a decrease in the supply of the cheaper sludge forcing shingle manufacturers to pay higher prices for sludge that is more expensive since it can be refined into fuel and sold at a higher price.
McKinney Roofing Company owner J. D. Dunphy, President of Tornado Alley Roofing, has been providing quality roofing installation, roofing repair, and roof replacement services to residents in Plano, McKinney, Allen, Frisco, and the surrounding North Texas communities since 1983. Tornado Alley Roofing is proud of the fact that most of our business comes from referrals. If you have a roof repair or replacement issue please give Tornado Alley Roofing a call at (888) TORNADO.