Wrecker
The Oil Geek
In the last year the industry has seen a great deal of volatility in crude oil and raw material costs, forcing lubricant companies, including AMSOIL, to implement a series of price increases and energy surcharges to compensate. Fortunately, costs eventually fell and stabilized, allowing AMSOIL to implement an all-lubricant price decrease in March 2009. Since that time, crude oil and raw material costs have slowly climbed back upwards and, although AMSOIL has seen a number of recent cost increases, it is currently holding the line on its pricing.
So far in July, Shell (Shell, Pennzoil, Quaker State) has announced a 6% increase in finished lubricant prices effective September 15, Chevron has announced a 6 to 9% increase effective September 14 and Citgo has announced its MileMaster prices will increase from $0.24 to $0.40 per gallon effective August 15. Several larger independent lubricant companies have also announced increases in the $0.40 to $0.60 per gallon range, with most being implemented by the end of July. According to Tom Glenn of Petroleum Trends International, the reason for the increases is clear. “Base oil prices have increased from $0.50 to $0.75 a gallon in just the past 30 days,” he says.
As always, AMSOIL will control costs and hold the line on pricing to the absolute best of its ability, but never at the sacrifice of quality .
So far in July, Shell (Shell, Pennzoil, Quaker State) has announced a 6% increase in finished lubricant prices effective September 15, Chevron has announced a 6 to 9% increase effective September 14 and Citgo has announced its MileMaster prices will increase from $0.24 to $0.40 per gallon effective August 15. Several larger independent lubricant companies have also announced increases in the $0.40 to $0.60 per gallon range, with most being implemented by the end of July. According to Tom Glenn of Petroleum Trends International, the reason for the increases is clear. “Base oil prices have increased from $0.50 to $0.75 a gallon in just the past 30 days,” he says.
As always, AMSOIL will control costs and hold the line on pricing to the absolute best of its ability, but never at the sacrifice of quality .