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Monday, October 30, 2017VOLUME 13 ISSUE 44
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Finished Lube Price Increases Announced

ExxonMobil and independents CAM2, Smitty's Supply, Warren Oil and Chemlube all announced finished lube price increases within the range of 4% to 9% per gallon, during the past week or so.

ExxonMobil announced on October 20, 2017 that it will increase the price of its lubricants by up to 6% effective November 20, 2017 for both branded and unbranded lubricants, including greases.

CAM2 announced last Thursday a bulk and package price increase of 4% to 9% per gallon (depending on product) effective November 15, 2017. CAM2 said the increase is necessary due to the continuing increase in base oil prices.

Smitty's Supply announced last Thursday a price increase of $0.20 per gallon for bulk, $0.25 per gallon for packaged lubricants, and $0.03 per pound for packaged greases effective November 15, 2017. Smitty's attributed this to continued increases of raw materials used in manufacturing lubricants and greases.

Warren Oil announced on October 24, 2017 that it will increase the prices of its finished lubricants and greases by 4% to 9% effective November 17, 2017. Warren attributed the price adjustment to the increased costs of base oils, additives, packaging and transportation.

Chemlube announced last Thursday it will increase the price of its Savannah lubricants by $0.20 to $0.25 a gallon effective November 20, 2017. Chemlube attributed the increase to the higher price of raw materials.

The latest round of price increases was early this year, January through April.

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