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Since December of 2020, we have seen an unprecedented SIX price increases roll out on base oil, additive & finished lubricant products. Now we are additionally seeing essentially all major suppliers move to allocations on products because of increasing difficulty on supply/sourcing.
We're excited to announce that we now stock Peak Global Extended Life Yellow Antifreeze & Coolant. This Antifreeze is for all applications - heavy duty, light duty and automotive. Finally, no more stocking multiple products for multiple uses!
Spring is not looking to be a very fun month for lubricant decision makers out there. We just had the industries FIRST price increase on diesel exhaust fluid last month; We in the process of having this year's first finished lube price increase; NOW, diesel exhaust fluid is going up again.
Just a quick update on the increase in finished lube prices we mentioned a couple days ago - almost every supplier is going up anywhere from .30 to .40 cents per gallon. (Heres a link to the updated info US Base Oil Prices - Lube Report)
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.
UREA price increase is happening in April 2012, so all distributors and end users of diesel exhaust fluid (DEF) will be effected. If you are a DEF user, please call DKB today to get your latest price.
It looks as though there will be a third national lubricants price increase between mid-May and June. The typical suspects are to blame: raw materials, packaging, additives, transportation, etc. The new wrinkle being put into play is the A word: Allocation. Many oil companies have instituted limits on orders based upon a percentage of their yearly purchases and suggest that product shortages could exist.