It looks like we will all be absorbing another pricing increase 30 days for now in the finished lubricant market. Most majors Like Shell, Warren, Peak, Cam2 and Smittys have already announced that they will be participating. I predict some of the other majors such as CITGO, Castrol and ExxonMobil will soon follow.
Check out the link to “Jobbers World” (http://www.jobbersworld.com/) that can help you monitor this situation. (Its also a great site to favorite to follow trends in the Petroleum Industry overall)
This chart from Jobbers World is a neat snapshot of % in price changes over the past ten years:
If you have an questions or concerns regarding the upcoming lube price increase, please contact me at 857.241.9678 or email me at [email protected]