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Monday, March 12, 2018VOLUME 14 ISSUE 11
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Round 2 of Finished Lube Price Increases Continue

Last week, Allegheny Petroleum, Chemlube, Advanced Lubrication Specialties and Sunoco announced finished lubricant price increases in the range of 4% to 9%.

Allegheny Petroleum announced it will raise bulk and packaged lubricant prices by 4% to 8% effective March 24, 2018, its second of the year. Allegheny attributed the increase to recent industry wide raw material price increases. Allegheny also announced a price increase on January 26, 2018 of 25 cpg, effective February 26, 2018.

Chemlube announced it will raise its Savannah branded lubricants prices by 5% to 8% effective March 26, 2018, its second increase this year. Chemlube attributed the increase to recent raw material price increases. Chemlube also announced a price increase on January 18, 2018 of 20 to 25 cpg, effective February 5, 2018.
 
Advanced Lubrication Specialties (ALS) announced a 6% to 9% price increase on all finished lubricants effective March 26, 2018, its second increase this year. ALS attributed the adjustment to escalation in the costs of base oil.  ALS also announced a price increase on January 16, 2018 of 6% to 10% effective February 5, 2018.

Sunoco announced a price increase of 6% to 9% for most finished lubricants effective March 26, 2018. Sunoco attributed the price adjustment to continued increases in base oil.

The previous week, Cam2 International, Smitty's Supply and Pinnacle Oil announced finished lubricant price increases in the range of  4% and 10%, the second price increase in 2018 for all three companies. A summary of these follows below.

On March 1, 2018, Cam2 International notified its customers it will be increasing prices ranging between 4% and 10% on bulk and packaged lubricants and greases effective March 24.  Cam2 announced on January 12, a price increase ranging between 6% to 10% on bulk and packaged lubricants and greases effective February 5.

On March 1, 2018, Smitty's Supply notified its customers it will be increasing prices ranging between 4% and 10% on bulk and packaged lubricants effective March 24. Smitty's Supply announced on January 24, it is implementing a price increase on bulk and packaged products effective February 12. Bulk and packaged lubricants will be increase between 6 and 10%. Packaged greases will increase by 3 cents per pound.

Pinnacle Oil announced on February 2, 2018 it will raise bulk and packaged lubricant prices by 5 to 10%, effective March 19, 2018. Pinnacle Oil on January 19 announced it will increase the price of its bulk and packaged lubricants by 6 to 10% effective after February 5, 2018.

Approximately four weeks ago, Sinclair Lubricants announced it will implement a second price increase of up to 5% on finished lubricant products effective March 1, 2018. This increase was combined with the price increase of up to 6% announced January 17, 2018, also effective March 1, 2018.


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