Lubricants News and Updates

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Price Increase

Price Increase, Iran, Straits of Hormuz, API, Lubricants, Engine Oil, CRUDE, ILMA, Qatar, base oil

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.

Doug Vrooman
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DEF, Price Increase, Urea

Another DEF Price Increase???

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.

John Presti
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Price Increase, Allocation

Don't Shoot the Messenger

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.

Lube Division
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