Asphalt Prices are Going Up

As you're reading this, asphalt prices are going up. The price of asphalt has risen dramatically in recent months. How can you protect your investment?

Judson Burdon
Posted by Judson Burdon on February 6


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FREE Asphalt Maintenance Business Plan Template

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Rising asphalt paving costs have led to the halt of some road projects and have made many homeowners rethink the replacement of their driveways.

With industry experts not seeing a reduction in asphalt pricing in the near future, it's become increasingly important to maintain the condition of your driveway to prevent costly replacement.

Are you a contractor? Click here to view our asphalt pricing for sealcoating contractors.

Yes, you can certainly avoid current high asphalt prices! There are very cost-effective ways to keep your driveway in good condition – free from cracks, potholes, and chuckholes. The best way to protect your asphalt is to have your driveway sealed.


Protecting Your Asphalt Investment

Routine inspections are the most important component of asphalt maintenance. Without watching out for seepage, cracking, and potholes, you are simply setting yourself up for unnecessary asphalt repair costs.

Regular sealcoating with an asphalt emulsion sealant is another way to avoid expensive asphalt replacement. Sealcoat should be initially applied approximately one year from when asphalt is installed, and should be sealed every 24-48 months after that.

Sealcoating Options for Your Driveway

Asphalt repair costs can vary depending whether you do the work yourself or hire a contractor to do the work for you. The asphalt on your driveway needs to be inspected and maintained just like any other aspect of your home and this can now be done with our help.

1. Professional Sealcoating

Sealcoating asphalt can range in price depending on your particular geographic region. Prices for asphalt sealing generally range from $0.08 to $0.30 per square foot. It also costs from $0.50 to $1.00 per linear foot to fill cracks with asphalt crack filler. These prices are significantly less than the price of asphalt driveway replacement.

Striped Parking LotA professionally sealcoated parking lot

2. Do It Yourself Sealcoating

Asphalt Kingdom has all the asphalt products and asphalt sealing equipment that you need to repair cracks and seal asphalt yourself. We make it simple to find what you need and have everything at the best possible prices. We also ship fast and free directly to your door.

Whether you need asphalt crack fill, asphalt sealer, pothole repair products, or asphalt equipment to successfully complete your asphalt maintenance project, we have the best prices on the highest quality products and deliver them to your door, backed with our satisfaction guarantee. Keep your asphalt repair cost down!

Asphalt Kingdom offers expert advice as well. We're always available to answer your sealcoating questions and provide the support you need for your asphalt maintenance project. We have a free email guide that takes you from step 1 on preparing your driveway to sealcoating it yourself. Sign up for our Homeowners Driveway Maintenance Course to get the steps emailed to you.

Don't Start Your Asphalt Maintenance Project Until You Read This!

Do You Need an Asphalt Expert for Your Asphalt Project?

If your driveway has deep cracks, potholes, chuckholes, or significant areas of uneven pavement, it's best to contact an expert to professionally repair your asphalt. The asphalt repair cost can vary depending on the company you decide to work with. This is why it's important to receive an asphalt repair estimate based upon your particular asphalt paving and repair specification. Most professionals provide an asphalt repair estimate per foot, but some will work by the hour.

Asphalt repair professionals should also be able to determine what areas of your asphalt need to be patched and filled and if any asphalt will need to be removed and replaced. Removal and replacement can be substantially more costly than simple patching and filling. Make sure to go over the details of any asphalt repair cost before you agree for the work to be done. Do not work with a company or individual who will not provide you with a thorough asphalt repair estimate.

You will also find that asphalt repair cost can vary on your particular geographic location. If you live in a particularly affluent area, you can expect to pay more than those who live in less costly areas.

Asphalt Pricing for Your Driveway

Asphalt pricing per square foot is a great thing to look at to compare what you can expect to pay for a new driveway as opposed to the cost of driveway maintenance and sealcoating. Here's what you need to know: The cost of a new asphalt driveway varies, but you can expect to pay $2 to $5 a square foot. That puts a 600 square foot cost at $1200 to $3000. Some of the variables are:

  • Smaller is not cheaper! Getting the equipment to your home is a fixed cost, so larger driveway paving jobs may actually be cheaper per foot.
  • Removal of the existing driveway, if needed, can add to the price. Be sure to ask about this.
  • The state of the foundation is crucial to a long-lasting result. It may cost more, but this is not a place to skimp on asphalt pricing, as a poor foundation can lead to alligator cracks or re-installation.
  • Odd shapes, sizes, bends and curves will all add to your bill.


How Long Does an Asphalt Driveway Last?

The general rule is 10 to 30 years. Why is that such a wide range? It's down simply to how well you maintain it! 10 years is what you'll get if you neglect your asphalt driveway, and with proper care you'll end up far closer to the 30 year mark.

Note: The cost of neglect is replacing your driveway every 10 years instead of every 30. Laidback Larry will pay TWICE as much in replacement over 30 years ($4,800 to $12,000) compared to Handy Andy who after 30 years will be paying $2,400 to $6,000 in driveway repair and paving.


Maintenance Costs

For Handy Andy to come out ahead, let's take a look at what he'll spend on upkeep. The most important part in avoiding a new driveway paving is to sealcoat every 2 to 3 years. That same 600 square feet will cost around $130 to seal. That's an asphalt driveway maintenance cost of $1,560. In 29 years, Handy Andy will have spent just over $1500 on sealcoating, while Laidback Larry will have spent $2,400 to $6,000 in replacement costs. That's at least $840 more than and as much as over $4,000 more!

Other Costs that May Impact Asphalt Pricing

This one I think may be a balanced cost for Andy. Any money he spends on crack repair will save him on the dollar per square foot asphalt pricing for replacement over the 30 years. Crack repair, when neglected, erodes the foundation and will dramatically increase the price of the new driveway paving. In the long run it's smarter, and cheaper, to fix damage as it occurs, not to mention it is far safer for people and cars.

There it is, all laid out for you in black and white. Follow Laidback Larry and end up replacing your asphalt driveway every 10 years. While Handy Andy avoids the driveway paving with his sealcoating every 2 to 3 years and saves over $800 and as much as $4,440! Asphalt pricing is easy when you know what the costs of neglect are. Sealcoating At 50% Less Cost is Doable. 

Asphalt Pricing Considerations for Contractors

The cost of an asphalt driveway has dramatically increased over the last few years, resulting in higher replacement cost. Contractors have been forced to pass on this higher asphalt price to homeowners. These higher prices, combined with a challenging economy, have created a real slowdown in business for many asphalt paving professionals.

However, there is renewed interest in driveway repair and sealcoating. These less costly alternatives to the high cost of asphalt driveway replacement are something that is appealing to homeowners and extremely profitable for contractors.

1. Asphalt Repair is in Big Demand

Even in hard economic times, asphalt cracks and potholes need to be repaired. Repair work is an option and is certainly more affordable than that of new asphalt driveway paving cost.

Contractors can easily earn $500 or more a day in patching potholes, sealcoating and repairing cracks on driveways. They can make even more than this repairing commercial parking lots.

Asphalt Kingdom has the equipment and products for you to tackle any asphalt repair job. We have everything from asphalt sealers, crack fillers to asphalt sealcoating equipment for applying the asphalt maintenance products.

We even carry the Mini Infrared Asphalt Heater so that you can successfully patch and repair asphalt even during those traditionally slow, cold winter months.

An infrared machine like this heats up existing asphalt or asphalt scraps so that it can be reworked – perfect for fixing potholes, asphalt seams, or small depressions.

2. Increase Your Profits with Sealcoating

Your customers are looking for less costly alternatives to asphalt replacement. They don't want to shell out thousands for new asphalt driveway cost, but they still want their existing driveway to look like new.

Professional sealcoating gives them the look of a new driveway at a fraction of the price. Since you don't have to purchase asphalt at the current inflated prices, you can increase your profit margins significantly by offering this in-demand asphalt maintenance service.

To successfully transition your business towards sealcoating, you need a professional grade asphalt sealer that you can count on. Asphalt Kingdom's sealer is well-known in the industry as being the best for performance, durability and value.

You will also need the right equipment, and we have that, too. In fact, we even offer a sealcoating business in a box solution that includes everything you need to start sealcoating right away.

Most industry experts agree that the demand for total asphalt replacement will continue to be on the decline as long as the asphalt driveway cost for replacement is high due to inflated wholesale asphalt prices.

The growth in the industry can currently be found in repair and sealcoating. Customers want to maintain their current asphalt investment in the best possible way at the lowest possible cost. The experts at Asphalt Kingdom are here to help you maximize your opportunities for success during these challenging economic times.

By starting your own sealcoating business, you'll be your own boss and can set your own hours. Many part-time sealcoaters make $1,000 per week or more. Asphalt Kingdom also provides a free opportunity to list your sealcoat business on their website's contractor directory. Because Asphalt Kingdom is top-ranked on Google for search terms related to sealcoating, people visit the directory to find contractors in their area.

Are you interested in learning more about how you can leverage the increase in asphalt prices to your advantage by starting a sealcoating business? Call us at 1-866-399-5562 or contact us via email. We'll give you the information you need regarding this tremendous free franchise opportunity, as well as advice on asphalt sealcoating equipment, products, and solutions.

If you want to do more research or learn more before taking the leap, sign up for our free Build Your Own Business Blueprint.


3. How Much Should You Charge?

Many asphalt sealcoating and repair professionals often have questions about how much they should charge for their services. Just as with asphalt paving pricing, asphalt repair and sealing costs can vary on several factors.

Geography is the biggest factor, and contractors should first determine the local range for asphalt paving pricing in their local area. In areas with larger populations, there are usually a number of companies specializing in asphalt and sealcoating services. Larger companies tend to charge by the square foot for asphalt paving costs, as well as for sealcoating.

This normally adds up to a higher cost than a flat rate for the same service. Smaller companies tend to provide an asphalt paving estimate based on whether or not the driveway is for one car or two, or if the driveway is circular or longer than average. You also need to factor in extra charges on asphalt paving pricing for patches or crack repair. Generally, individual contractors charge between $0.08 and $0.30 per square foot for sealcoating asphalt. For crack filling, asphalt paving price can range from $0.50 to $1.00 for a linear foot.

In most markets, there are always those contractors who low ball their asphalt paving prices. We at Asphalt Kingdom never suggest this approach as customers are more often looking for an expert they can trust rather than just the lowest price. Instead of taking the approach of being the low price leader, it's generally more beneficial to position yourself as the contractor who gives clients confidence to purchase from you.



Of course, Asphalt Kingdom provides quality professional sealcoating equipment and crack repair equipment and asphalt products for asphalt sealcoating and repair professionals. However, we are also available to answer your questions and give you advice on how to successfully run your business.

We also offer a step-by-step plan and an all-in-one asphalt sealcoating business in a box if you are just starting out. This turnkey solution is the perfect opportunity for anyone who wants a simple, straightforward business opportunity to earn up to $500 per day.

We offer a best price guarantee – if you find a lower price somewhere else, we will always match it. Shop Now or call us toll-free at 1-866-399-5562.

Business Plan Template 1

FREE Asphalt Maintenance Business Plan Template

This comprehensive template will help you write a winning business plan that will get you the funding you need to start or grow your business.


Topics: Asphalt Maintenance Business

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