This past week, Safety-Kleen, CITGO, ExxonMobil, Chevron, Phillips 66, Petro-Canada America, Royal Manufacturing, Smitty's Supply, Warren Distribution, Nu-Tier, Total Specialties USA and Allegheny Petroleum announced price increases on finished lubricants.

Last week, we reported that Shell (SOPUS Products), Martin Lubricants, Advanced Lubrication Specialties, Sinclair Lubricants, Chemlube and  Pinnacle Oil notified their customers of a price increase on finished lubricants, as well as Cam2 the previous week.

Nu-Tier Brands announced January 18, 2018 that it will implement an increase of 6 to 8% on its finished lubricants effective February 19, 2018. Nu-Tier attributed the increase to the higher cost of raw materials and manufacturing.

On January 18, 2018, Safety-Kleen Systems / Kleen Performance Products announced it will implement a price increase of between 5% and 8% on finished lubricants, effective February 19, 2018. Safety-Kleen said this adjustment is due to increasing costs of base oils, additives, and other raw materials used in the production and delivery of its products.

On January 22, 2018, Chevron announced a general price increase of all lubricating oils and greases up to 5% effective on March 1, 2018. Chevron attributed this price adjustment to increasing costs of raw materials impacting the manufacturing of its products.

ExxonMobil announced on January 22, 2018 that its branded and unbranded Passenger Vehicle Lubricants, Commercial Vehicle Lubricants, Industrial and Marine lubricants and greases will increase in price by up to 6% effective February 26, 2018.

Royal Manufacturing announced on January 22, 2018 it will increase the price of its finished lubricants by 5 to 8% effective February 26, 2018. Royal Mfg attributed the increase to base oil and additive increases.

On January 23, 2018, CITGO announced it will implement a general finished lubricant price increase of 5% - 8% on branded and private label products effective February 23, 2018. CITGO attributed this increase to the escalations in base oil and additive costs that have occurred over the past several months.

Smitty'y Supply announced on January 24, 2018 it is implementing a price increase on bulk and packaged products effective February 12, 2018. Bulk and packaged lubricants will be increase between 6 and 10%. Packaged greases will increase by 3 cents per pound.  Smitty's attributed this price adjustment to continued increases of raw materials used in manufacturing lubricants and greases.

Warren Distribution announced on January 24, 2018 a price increase of 6 to 9% on all its lubricants effective February 26, 2018. Warren Distribution attributed the increase to the higher cost of raw materials and transportation.

On January 24, 2018 Petro-Canada America announced it will, by up to 6% across-the-board, increase lubricant prices, excluding process oils and Purity FG white oils effective February 23, 2018.  Process oils and Purity FG white oils whose increase was previously announced will go up an additional 10 cpg on the same date.

On January 25, 2018 Phillips 66 Lubricants announced it will raise finished lubricants prices by up to 6% effective March 5, 2018. Phillips 66 attributed this increase to recent increases in raw materials that have occurred despite its best efforts to limit their impact on its product manufacturing.

Total Specialties USA on January 26, 2018 announced a 4 to 8% price increase on TOTAL branded lubricants effective February 26, 2018. Total attributed the adjustment to escalation in the costs of base oils, additives, and other raw materials used in the manufacturing of lubricants.

Allegheny Petroleum on January 26, 2018 announced a price increase of $0.25 per gallon for all of its lubricant products effective February 26, 2018. Allegheny Petroleum attributed the price adjustment to industry wide increases in the cost of raw materials.

Previous recent announcements include the following:

On January 15, 2018, SOPUS Products announced that it will implement a price increase of up to 5% on finished lubricants, effective February 19, 2018. Shell attributed this adjustment in part to increasing costs of raw materials used in the production and delivery of its products.

On January 18, 2018 Martin Lubricants announced a general price increase on SynGard, Extreme and Gard branded products. This increase will also apply to private label lubricants and greases. Prices will increase on most products in the range of 4 to 7% per gallon based on product category effective February 19, 2018. Martin attributed the increase to ongoing increases in raw materials including base oils, additives and resin for bottles and pails.

Advanced Lubrication Specialties on January 16, 2018 announced it will increase the price of its finished lubricants by 6 to 10%, effective February 5, 2018. Advanced Lubrication Specialties attributed the price adjustment to increasing costs of raw material and transportation.

Sinclair Lubricants on January 17, 2018 announced it will implement an increase of up to 6% on its finished lubricants, effective March 1, 2018. Sinclair attributed this price adjustment to the increased cost of raw materials used in production.

Chemlube advised its customers on January 18, 2018 it will increase prices on its Savannah products by 20 to 25 cents per gallon, due to the increase in cost of raw materials used in manufacturing lubricants effective February 5, 2017.  Chemlube attributed this price adjustment to the increase in cost of raw materials used in manufacturing lubricants.

Pinnacle Oil on January 19, 2018 announced it will increase the price of its bulk and packaged lubricants by 6 to 10% effective after February 5, 2018. Pinnacle attributed the increase to the rising costs of raw materials.

The week prior, we reported that Cam2 International announced a price increase ranging between 6% to 10% on bulk and packaged lubricants and greases effective February 5, 2018.

The previous round of price adjustments were price increase announcements by the majority of major oil companies and independents during the October to November 2017 time frame during which finished lubricant prices were adjusted upwards by anywhere from 5% to 10%, most of them taking effect in November to December 2017.