Jobbers World News
February 8, 2010

  • Valvoline Joins the Crowd
  • Now for the independent lubricant manufacturers
  • Contact Us With Your News

  • Valvoline Joins the Crowd

    Valvoline notified its marketers late in the day on Friday (February 5, 2010) that it too is pushing through a price increase on finished lubricants.

    Valvoline will increase prices on finished lubricants by an average of 5 to 8%. This increase will reportedly vary depending on product type and is effective March 15, 2010.

    As with all other announced price increase in finished lubricants, Valvoline attributes this increase to the higher cost of base stocks and other raw materials.

    Valvoline is the last in the line of majors to announce a price increase since the start of year. A summary of the finished lubricant price increases in 2010 previously reported on by JobbersWorld follows below:

    Shell - As reported in JobbersWorld on January 15, 2010, Shell was the first to announce a price increase for finished lubricants in 2010. The company said its prices will increase by up to 8% effective February 22, 2010. According to marketers, for most of Shell's lubricants, this increase equates to $0.36 to $0.38 a gallon on bulk, and $0.44 to $.48 a gallon on packaged lubricant, depending on types.

    As expected, the price increase announcements didn't stop here. Others followed and most attributed the increases to the higher cost of raw materials (both additives and base oils).

    Chevron - On January 19, 2010, Chevron advised it lubricant marketers it will increase its prices on all lubricating oils, gear lubes and greases by an average of 6 to 10%. The increase is effective March 1, 2010 and said to be driven by the recent rise in the cost of raw materials.

    BP/Castrol - Castrol advised its marketers on January 21, 2010 it will increase the price on all passenger car, commercial, and industrial lubricants by up to 8%, effective March 8, 2010. According to marketers, this increase represents $0.32 to $0.48 a gallon, depending on lubricant type and package. They say engine oils will increase by $0.38 to $0.48 a gallon for bulk and packed lubricants, respectively.

    American Refining Group (ARG) - ARG advised its marketers on January 26th that it will increase prics for lubricants in the range of 5 to 9%. Marketers were told synthetic and specialty lubricant prices may increase by more. This increase is effective February 22, 2010 and also applies to the Gulf brand sold by ARG.

    ConocoPhillips advised its marketers on January 27th it will increase the price for its finished lubricants by 6 to 9% effective March 1, 2010. The price increase is said to be dependent on product specific factors. According to marketers, ConocoPhillips says this increase is driven by recent increases in base oil, additives and packaging costs.

    Petro-Canada. Effective February 24, 2010, Petro-Canada advised its marketers it will increase its lubricant prices for all package sizes by 8%. Marketers are were told this increase does not include the process oil and white oil increases that go into effect on Feb 10, 2010. As previously reported in JobbersWorld, effective February 10, 2010, Petro-Canada will increase the price of its process oils and white oils by $0.20 to $0.30 a gallon depending on type and grade.

    ExxonMobil advised it marketers on February 2, 1010 it will increase its prices on finished lubricants and greases by up to 8%. The increase reportedly applies to branded and unbranded lubricants and will take effect on March 15, 2010. Marketers say this increase will move ExMo's prices up by close to $0.30 a gallon.

    Citgo sent notices out to its marketers on January 29, 2010 that it will increase prices by 8 to 10%. This increase goes into effect March .

    Now for the independent lubricant manufacturers

    Advanced Lubrication Specialties (ALS) - Effective February 15, 2010, ALS announced it will increase lubricant prices by $0.38 a gallon.

    Cam2 - Cam2 announced an increase of $0.38 a gallon on bulk and $0.45 a gallon on packaged lubricant effective February 8th.

    Chemlube - Chemlube International announced an across the board increase of $0.38 a gallon for its lubricants. This increase is effective February 8, 2010.

    Smitty's - On January 21, 2010, Smitty's announced a price increase on Super S, Sureguard, TriStar and all other private label brands. Marketers say this increase means $0.40 a gallon more for bulk effective on orders placed after February 8, 2010. Although packaged lubricants will increase by the same amount, marketers are told this increase goes into effect on February 22. Grease will increase by $0.05 a pound, also effective February 22. As with most other price increase announcements, Smitty's says its increase is due to the higher cost of raw materials.

    Contact Us With Your News

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