Construction costs for transportation impact the ability of the public and private sectors to expand capacity to meet demands. The resources that build and operate transportation come from the public in two forms: 1) directly as fares and costs for owning and using vehicles or, 2) indirectly through various taxes or as a part of the cost of products that are consumed.
This indicator shows changes in U.S. average price of diesel No.2 in dollars per gallon. Empirical data has shown a strong correlation between diesel fuel prices and construction costs. It is used to power construction equipment and power vehicles that transport construction materials. The source for the database is the Bureau of Labor Statistics. This indicator is updated monthly with a one month lag time.