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Two More Price Increases

Reliance Fluid Technologies (RFT) announced at the start of the month that it would immediately increase the price of its finished lubricants by approximately 6%. The increase was effective December 1, 2017.

DuBois Chemicals announced on November 30, 2017 that it will increase the prices on its industrial products and services by 3 to 7%. The increase is effective January 1, 2018. DuBois attributes the increase to the rising cost of alkaline, zinc, surfactant, transportation, and packaging. This will be the first price increase DuBois has made in several years.

Round 3: Price Increase Summary

The following is a summary of the price increases JobbersWorld reported on for the third round of price increase is 2017

Lubricant Manufacturers Round 3

Company Announced Date Effective Date Increase
Kleen Performance Products 9/6/2017 9/6/2017 60 to 80 cpg
ExxonMobil 10/20/2017 11/20/2017 up to 6%
Chevron 10/24/2017 12/4/2017 up to 6%
Warren Oil 10/25/2017 11/17/2017 4% to 9%
Chemlube 10/26/2017 11/20/2017 20 to 25 cpg
Advanced Lubrication Specialties (ALS) 10/26/2017 11/13/2017 6 to 10%
CAM2 10/26/2017 11/15/2017 4 to 9%
Smitty’s Supply 10/26/2017 11/15/2017 20 cpg Bulk 25cpg Packaged Lubricants 3cpp Packaged Greases
Phillips 66 10/27/2017 12/1/2017 6%
Nu-Tier Brands 10/27/2017 11/17/2017 up to 6%
Sinclair Lubricants 10/27/2017 12/11/2017 up to 6%
Old World Industries 10/30/2017 11/13/2017 up to 8%
Warren Distribution 10/31/2017 11/27/2017 6 to 9%
Allegheny Petroleum   10/31/2017  11/8/2017 30 cpg
Petro-Canada 10/31/2017 12/1/2017 up to 6%
Valvoline 11/1/2017 12/1/2017 up to 5%
D-A Lubricant 11/1/2017  12/1/2017 up to 6%
CITGO 11/2/2017 12/4/2017 4 to 8%
SOPUS/Shell  11/6/2017 12/11/2017 up to 6%
BP Lubricants/Castrol (including industrial)  11/7/2017  12/11/2017 up to 6%
Total 11/9/2017 12/11/2017 up to 6%
Amalie 11/17/2017 12/16/2017 32 cpg Oil and Automotive Chemicals, 4 cpp greases
DuBois Chemicals 11/30/2017 1/1/2018 3 to 7% Industrial products and services
Reliance Fluid Technologies (RFT)  12/1/2017 12/1/2017 approx. 6%
Pinnacle Oil 11/15/2017 5 to 7%
Increase

CLICK TO ENLARGE

PriceIcrease12112017
Quick Stats for the Three Rounds of Price Increases in 2017
Days from the Start of Round 1 to the Start of Round 2 63 Days
Days from the Start of Round 2 to the Start of Round 3 205 Days
Average Price Increase for Round 1 5.79%
Average Price Increase for Round 2 5.75%
Average Price Increase for Round 3 6.28%

CLICK TO ENLARGE

PriceIncreaseTable12122017

CLICK HERE FOR A TIMELINE OF ALL THREE ROUNDS OF PRICE INCREASES IN 2017

PriceIncrease12112017Big

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