Price Increases: Round 3
Chemlube announced today it will increase the price of its Savannah lubricants by $0.20 to $0.25 a gallon. These increases go into effect on November 20, 2017. Chemlube attributes the increase to the higher price of raw materials.
Advanced Lubrication Specialties (ALS) announced today that it will increase the price of its lubricants from 6 to 10%, effective November 13, 2017.
CAM2 announced today, a bulk and package price increase of 4 to 9% per gallon (depending on product). The increase is effective November 15, 2017. CAM2 says the increase is necessary due to the continuing increase in base oil prices.
Smitty’s Supply announced today a price increase of $0.20 a gallon for bulk, $0.25 a gallon for packaged lubricants, and $0.03 a pound for packaged greases. This increase is effective November 15, 2017.
Warren Oil announced on October 24, 2017 that it will increase the price of its finished lubricants and greases by 4 to 9%. The increase will be effective as of November 17, 2017 on orders placed on or after Monday, November 20, 2017. Warren attributes the price adjustment to the increased costs of base oils, additives, packaging and transportation.
ExxonMobil announced on October 20, 2017 that it will increase the price of its lubricants by up to 6% effective November 20, 2017. This increase is said to impact both branded and unbranded lubricants, including greases.
The first it what is now taking shape to be Round 3 in lubricant price increases for 2017 was announced by Kleen Performance Products on September 6, 2017.