Watch the Spreads |
The most direct way to assess the
relationship crude price has with base oils
is to look at the differential between the
price of crude oil and base oil (the spread).
Excluding the rapid run-up in the price of
crude in 2008, the spreads
averaged close to $1.20 a gallon from 2004 to
2007. Fairly consistent with that average,
the spread year-to-date for 2009 is $1.18 a
gallon.
But take note, the spread has been
trending down since April. Since that
time the average spread is $0.75 and, as
of today, its $0.88 a gallon.
Assuming the price of crude oil continues its
current trend up, its likely we will see the
relationship crude has to base oil, and
ultimately finished lubricants, make its mark
in the next month, or two.
|
Lyden Goes Green |
Lyden Oil Company, an Ohio-based petroleum
products distributor, is celebrating its 90th
Anniversary this year and is introducing a
new line of API approved "green" passenger
car motor oils sold under the ProGuardŽ ECO
brand name.
According to Paul Lyden, Vice President of
Lyden Oil Company, "ProGuardŽ ECO motor oils
are made from high quality segregated used
motor oil feedstocks that are re-refined in a
new state-of-the-art facility in Columbus,
Ohio." In addition, Lyden says, "They are
blended with the most advanced additives to
allow for formulations with the maximum
amount of re-refined, hydrotreated Group II+
base oils." Lyden Oil Company plans to
market ProGuardŽ ECO in their primary areas
of distribution in Ohio, Michigan, Indiana,
Pennsylvania and West Virginia, and also will
license other distributors in areas outside
their primary market.
Lyden says ProGuardŽ ECO motor oils are
especially appealing to the environmentally
conscious consumer, because conceptually the
consumer can see the oil make the full circle
trip from crankcase-to-crankcase. The used
passenger car motor oil is re-refined through
an advanced hydro-treating process and
formulated into a new product instead of
being burned in furnaces or disposed of
through other means. "This process truly
minimizes the environmental footprint of
passenger car motor oil," says Lyden. And he
adds, ProGuardŽ ECO motor oils are also
appropriate for fleets mandated to follow
Executive Order 13101, requiring the use of
re-refined motor oils. Most government
entities, including the United States Postal
Service, are required to comply with this
ruling.
In addition to the ProGuardŽ ECO , Lyden Oil
is also offering a "green" line of hydraulic
oils for environmentally conscious industrial
customers. Lyden says, by using the same
high-quality re-refined base stocks combined
with a premium additive package these
hydraulic oils offer improved performance
beyond conventionally formulated products.
These will be distributed through the same
channels as the ProGuardŽ ECO motor oils.
|
PetroCard Systems Expands Mobile Fueling Services to Oregon |
PetroCard Systems, Inc., a
leading fuels and lubrication distributor in
the Pacific Northwest, announced it has
brought its mobile fueling service in-house
and under its own brand to have end-to-end
control of the quality and reliability of
service. PetroCard employees will now deliver
and fuel commercial vehicles parked at depots
or other lots from rigs owned and operated by
PetroCard, rather than via independent
contractors. The company's mobile fueling
service delivers more than 125,000 gallons
per month of diesel fuel to the Oregon market.
"Our customers in Oregon asked us for an
integrated mobile fueling solution in
addition to our cardlock services. To meet
those demands we have brought all of our
services in the Oregon market under the
PetroCard brand," said Steve Tolton, CEO of
PetroCard. "We place the highest premium on
quality of service to our customers and now
we have more control of that."
Following the company's recent acquisition of
Estacada Oil and Northwest Petroleum,
PetroCard now maintains three office
locations in Oregon, which will support the
new mobile fueling operations.
PetroCard currently offers fuel services via
three primary methods: via mobile fueling,
via "cardlocks," or unattended, self-serve
fueling stations and as well as via delivery
to bulk fuel tanks. PetroCard is one of the
largest cardlock operators in the Pacific
Northwest. In addition to its fuel services,
PetroCard Systems currently sells lubricants
to many different classes of trades such as
retail chains, wholesale operations,
automotive installers, commercial and
heavy-duty fleets out of its two offices
located in Arlington and Spokane, Washington
and now Clackamas, Oregon. PetroCard is the
largest ExxonMobil distributor in Washington
State.
|
Contact Us With Your News |
JobbersWorld is all about issues impacting
lubricant distributors. You are our primary
audience and you are the ones we need to hear
from. What's on your mind? What issues would
you like to see us tackle? And what news
would you like others to know about?
- News
- Mergers and acquisitions
- Promotions
- New products
- Classified
We reach out to nearly 10,000 participants in
the lubricant distribution supply chain once
or twice a week (depending on what's NEWS)
and we tell it like it is.
Please contact us via e-mail at
tom_glenn@jobbersworld.com, or direct at
732-494-0405.
Thank you
|
|
Publisher |
|
|