JobbersWorld is a Petroleum Trends International, Inc. Publication
JobbersWorld is a Petroleum Trends International, Inc. Publication

JobbersWorld is the first and only independent newsletter to focus on lubricant distributors.

JobbersWorld Reaches Out to Over 10,000 Professionals in the Lubricants Business

Click here to learn More or call 732-494-0405

Call 732-494-0405 for Information

ExxonMobil Adjusts Base Oil Price Adjustment

As reported in JobbersWorld yesterday, ExxonMobil announced last Thursday that the price of its base oils will increase by $0.30 a gallon, effective March 14. Well, before the ink was dry on that story, blenders got word this morning that ExxonMobil revised the adjustment to $0.70 a gallon. The effective date remains the same at March 14th. 

In addition to the other base oil price increases JW reported on yesterday, HollyFrontier announced a 30cpg increase effective March 14th. But, who knows, considering the volatility of crude oil prices, maybe this and other base oil price increase will also be followed by adjustments to the adjustments.  

The following is a summary of the recently announced base oil increases:

In addition to higher base oil costs, blenders are getting hammered by higher freight rates (including fuel surcharges of 35% and higher).

4 2 votes
Article Rating
Subscribe
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments

News Archives

0
Would love your thoughts, please comment.x
()
x