What’s Driving Lubricant Price Increases Right Now - Doug’s Tip of the Month
Conflict, Supply, and Demand are all contributors to the latest (and still upcoming) Lubricant price increases.Traditional pricing matrices have not followed the normal timeline. When crude oil and base oils had price increases in the past, it was usually 30, 60, 90 or even 120 days before blenders and manufactures would pass them on to customers.This time, volatility is so intense that we have seen blenders almost immediately passing on price increases.