Pinnacle Oil announced it will raise bulk and packaged lubricant prices by 5 to 10%. The increase is effective March 19, 2018. Pinnacle attributes the increase to recent increases in raw material costs.
Smitty’s Supply advised its customers of a 4 to 10% price increase on bulk and packaged lubricants. This increase is effective March 24th. Smitty’s attributes the adjustment to escalation in the costs of raw materials used in the manufacturing of lubricants and greases.
CAM2 announced a price increase of 4 to 10% for bulk and packaged lubricants and greases ordered on or after March 24th. The price adjustment is attributed to industry wide increases in the cost of raw components used in manufacturing.
As of today, the list of companies JobbersWorld reported on that have announced lubricant price increases in 2018 Round 2 is shown below:
|Company||Announced Date||Effective Date||Increase|
|Sinclair Lubricants||2/12/2018||3/1/2018||up to 5%|
|CAM2||3/1/2018||3/24/2018||4 to 10%|
|Smitty’s Supply||3/1/2018||3/24/2018||4 to 10%|
|Pinnacle Oil||3/2/2018||3/19/2018||5 to 10|
JobbersWorld Announces Lubricant Pricing Reports
A must have report for manufacturers, marketers, buyers and others looking to understand price drivers and communicate the reasons for price increases to customers.
THE REPORTS provide insights and information on finished lubricant prices and an in-depth analysis of the cost drivers responsible for the changes in lubricant costs and prices in the US market.
The Finished Lubricant Pricing Reports provide lubricant manufacturers and marketers with an independent source of information and insights on price changes at the manufacturer and retail levels and the key drivers behind the changes. In addition to the influence of crude and base oil, the reports analyze the impact of changes in the cost of lubricant additives, transportation, packaging, labor, and others.