Warren Distribution announced a price increase of 4 to 8% on all lubricant products, depending on the product and package size. The new prices will go into effect with shipments on or after Monday, June 25, 2018. Warren Distribution sites several factors driving the announced increase. One is the continued rise in the price of base oils in response to higher crude oil prices. Additionally, it says, acquiring timely transportation services have become more difficult, so freight rates have significantly escalated. Lastly, rising steel prices have caused a precipitous increase in drum costs.
Allegheny Petroleum Products announced a price increase of 6% to 8% on bulk lubricants and an additional 2% on drum and tote packaging, depending on the product. Allegheny attributes the price change to the ongoing base oil, additive, and packaging cost increases that continue to occur industry wide. The price change will be effective on orders placed on or after June 18, 2018.
Maverick Performance Products advised its customers that due to multiple increases in raw materials used in the manufacturing of finished lubricants, Maverick Performance Products will be passing through a price adjustment on VP finished lubricants of approximately 4 to 8%, percentages will vary by product. The increase will be effective on orders placed on or after June 18, 2018.
Old World Industries announced that it will raise the price on all finished lubricants by 4% to 9%. The increase is effective June 30, 2018. Old World says the increase is a result of the continued increase in the cost of raw materials used in the manufacturing and distribution of these products.
Round 3 Lubricant Price Increase Summary
|Company||Announced Date||Effective Date||Increase|
|Sinclair Lubricants||5/8/2018||7/1/2018||10 to 12%|
|Sunoco||5/16/2018||6/16/2018||4 to 6%|
|Advanced Lubrication Specialties||5/16/2018||6/16/2018||4 to 6%|
|CAM2||5/18/2018||6/16/2018||4 to 9%|
|Smitty’s Supply||5/18/2018||6/16/2018||4 to 9%|
|U.S. Lubricants, Commerce, CA||5/18/2018||6/17/2018||5 to 9%|
|Chemlube||5/22/2018||6/11/2018||5 to 9%|
|Maverick Performance Products||5/22/2018||6/18/2018||4 to 8%|
|Allegheny Petroleum Products||5/23/2018||6/18/2018||6 to 8% on bulk, additional 2% on drums and totes|
|Warren Distribution||5/23/2018||6/25/2018||4 to 8%|
|Old World Industries||5/24/2018||6/30/2018||4 to 9%|