More Price Increases in Round Two
Chemlube announced it will raise its Savannah branded lubricants prices by 5 to 8%. The increase is effective March 26, 2018. Chemlube attributes the increase to recent raw material price increases.
Advanced Lubrication Specialties (ALS) advised its customers of a 6 to 9% price increase on all finished lubricants. This increase is effective March 26th. ALS attributes the adjustment to escalation in the costs of base oil.
Sunoco announced a price increase of 6 to 9% for most finished lubricants ordered on or after March 26th. The price adjustment is attributed to continued increases in base oil.
PennStar, LLC announced today a general price increase to be effective with orders placed on or after Monday, March 19, 2018. Pennstar, LLC will increase pricing on all lubricating oils, gear lubes and greases by 6% to 10% depending on product segment. No extended lead times will be honored. This increase is being driven by the continuing rise in base oils, additives and freight costs which impact the manufacturing and distribution of our lubricant products.
For those unfamiliar with PennStar, Pennstar, LLC is an independent lubricants blender located in the greater Allentown, PA area. Rob Perkins, President of Pennstar, LLC told JobbersWorld “We purchased the facility in January of 2018. The facility, has over 250,000 sq ft, and more than 1 million gallons of blending and storage capacity that sits on 9 acres in Northampton, PA”. Pennstar, LLC is an ILMA member, positioned to service the lubricant wholesale market throughout the Northeast and MidAtlantic geography and beyond.
For those who may have missed it, in addition to the most recent base oil price increases, Afton Chemical advised its customers on February 27th, of a price increase for lubricants and fuels additives. The increase is effective March 19th and increases vary by product segment. Afton attributes the adjustments to the rising costs of raw materials used in manufacturing additives and transportation costs.
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%|
|Allegheny Petroleum||3/5/2018||3/24/2018||4 to 8%|
|Advanced Lubrication Specialities (ALS)||3/29/2018||6 to 9%|
|Sunoco||3/29/2018||6 to 9%|
|Chemlube||3/7/2018||3/26/2018||5 to 8%|
|PennStar||3/9/2018||3/19/2018||6 to 10%|