Today, Warren Distribution announced a price increase of 8-12% on all lubricant products, depending on the product and package size. The new prices will go into effect with shipments on or after Monday, October 12, 2020.
Warren Distribution attributes the increase to a number of factors, one being the recent round of base oil posting increases. In addition, higher freight rates, and much greater demand for resin, caps and bottles due to the massive new/increased demand for cleaning/disinfecting products, which has caused the prices for those commodities to spike. And as is the case with nearly all businesses during the pandemic, the high cost to maintain safe operations and keep plant staffing levels sufficient to run as efficiently as possible.