Although Amalie was the first to announce a lubricant price increase in round 2 of 2017, CAM2, Allegheny Petroleum, Kleen Performance Products were the first to move with each having price increases taking effect on April 17th. Valvoline is the last to move with an effective date of June 1 for its price increase.
The lubricant price increases announced by majors and independent lubricant manufacturers in Round 2 of 2017 ranged from 3 to 12%. The average increase is 4.3% for the majors, and 6.5% for the independents, and the combined average is 5.8%.
With a range of 19 to 51 days, there is an average of 31 days from the time a company announced a price increase to the effective date of the increase. The longest span from the announced to effective date is seen with the majors at an average of 40 days. The average time span for the independents is 25 days.
Table 2
PRICE INCREASES REPORTED ON BY JOBBERSWORLD
IN ROUND 2 OF 2017
Lubricant Manufacturers Round 2 |
|||
| Company | Announced Date |
Effective Date |
Increase |
| Amalie | 3/17/2017 | 4/21/2017 | 24 cpg lubes, 3 cpp grease |
| Calumet | 3/20/2017 | 4/20/2017 | 4 to 6% |
| Castrol (excluding industrial) | 3/22/2017 | 5/1/2017 | up to 3% |
| CAM2 | 3/23/2017 | 4/17/2017 | 20 to 35 cpg |
| Warren Distribution | 3/24/2017 | 4/24/2017 | 6 to 9% |
| Smitty’s Supply | 3/24/2017 | 4/24/2017 | 4 to 6% |
| Chemlube | 3/27/2017 | 4/20/2017 | 4 to 7% |
| Pinnacle Oil | 3/28/2017 | 4/18/2017 | 5 to 9% |
| Reliance Fluid Technologies (RFT) | 3/28/2017 | 4/28/2017 | 6 to 9% |
| Old World Industries (PEAK) | 3/28/2017 | 4/21/2017 | up to 8% |
| Allegheny Petroleum | 3/28/2017 | 4/17/2017 | 20 to 35 cpg |
| Warren Oil Company | 3/28/2017 | 4/24/2017 | 4 to 9% |
| Kleen Performance Products | 3/29/2017 | 4/17/2017 | 5 to 12% |
| ExxonMobil | 3/31/2017 | 5/10/2017 | up to 4% |
| Royal Mfg | 4/1/2017 | 5/1/2017 | 4 to 8% |
| Chevron | 4/3/2017 | 5/15/2017 | 4 to 6% |
| Advanced Lubrication Specialties (ALS) | 4/3/2017 | 4/24/2017 | 5 to 9% |
| Nu-Tier Brands | 4/4/2017 | 4/24/2017 | 4 to 7% |
| Phillips 66 | 4/5/2017 | 5/10/2017 | 4 to 6% |
| Petro-Canada | 4/5/2017 | 5/5/2017 | up to 6% (excluding white oils and process oil) |
| SOPUS/Shell | 4/10/2017 | 5/15/2017 | up to 4% |
| CITGO | 4/11/2017 | 5/15/2017 | 4 to 6% |
| Valvoline | 4/11/2017 | 6/1/2017 | up to 4% |
