In a letter dated August 31, 2013, Chevron announced a general price increase to be effective October 9, 2013. Chevron will increase the prices of all lubricating oils by 3% - 6%. In certain instances, specific products may increase in amounts that are outside of this general increase. No specific reason for the price increase was mentioned.
In a letter dated August 29, 2013 Safety-Kleen announced a price increase on blended products of $0.20/gallon effective September 27, 2013. Safety-Kleen did state that the price increase was due to rising raw material costs and reflecting current market conditions.
Also, Petro-Canada advised its marketers of a 3% across the board price increase effective September 27, 2013 and Advanced Lubrication Specialties (ALS) announced its bulk and packaged lubricant prices will increase by $0.20 a gallon, and grease will increase by $0.03 a pound, effective September 23
Last week, we reported that ExxonMobil, Smitty's Supply, and Cam2 announced price increases for their lubricants and greases. ExxonMobil's lubes will increase by up to 4 percent; Roseland, LA-based Smitty's Supply, as well as Cam2, headquartered in Denver, Colorado, both announced a price increase on bulk and packaged lubricants of 20 to 25 cents per gallon, and greases by 3 cents per pound.
And the previous week, we reported that Shell Oil Products (SOPUS) announced a general price increase on lubricants of up to 4%, effective September 23, 2013, which equates to roughly a 24 cents per gallon increase for bulk lubricants and a 40 cents per gallon increase for packaged products.