Motor Oil on the Move!!!
03-16-2006, 09:00 AM
#1
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Motor Oil on the Move!!!
Since our boats are oil hungry, here is some info on future market conditions.
Motor Oil Prices Climb Again
By Tim Sullivan
U.S. motor oil marketers raised prices again this month, citing continued increases in costs of raw materials and other inputs. Majors marked up packaged passenger car motor oils by between 30 cents and 64 cents per gallon. One leading marketer has already announced a second increase for later this month.
Seven leading suppliers made their hikes effective March 1, according to industry sources. BP-Castrol went for the biggest increase, raising prices for packages of conventional passenger car engine oils by 64 cents per gallon. ExxonMobil added 40 cents to prices for both Exxon and Mobil branded oils, while Chevron, Citgo, Shell and Valvoline moved up 36 cents. ConocoPhillips raised prices on Kendall oils by 30 cents.
The companies themselves declined to confirm or deny these increases.
In addition, one source said yesterday that Valvoline has announced an additional increase of 28 cents per gallon to take effect March 27. Warren Oil Co., one of the nation’s largest independent lubricant manufacturers, reportedly raised its prices on packaged oils by 32 cents today.
This month’s increases were the sixth round of finished oil hikes in the past two years and the fourth since last spring. That is a fast pace of change for a market that rarely has undergone more than two markups a year and in some years none. Still, blenders have complained that their increases have not kept up with rising costs.
ExxonMobil distributed a letter to customers documenting the run-up in costs for base oils, as well as fuels, industrial chemicals and steel.
Motor Oil Prices Climb Again
By Tim Sullivan
U.S. motor oil marketers raised prices again this month, citing continued increases in costs of raw materials and other inputs. Majors marked up packaged passenger car motor oils by between 30 cents and 64 cents per gallon. One leading marketer has already announced a second increase for later this month.
Seven leading suppliers made their hikes effective March 1, according to industry sources. BP-Castrol went for the biggest increase, raising prices for packages of conventional passenger car engine oils by 64 cents per gallon. ExxonMobil added 40 cents to prices for both Exxon and Mobil branded oils, while Chevron, Citgo, Shell and Valvoline moved up 36 cents. ConocoPhillips raised prices on Kendall oils by 30 cents.
The companies themselves declined to confirm or deny these increases.
In addition, one source said yesterday that Valvoline has announced an additional increase of 28 cents per gallon to take effect March 27. Warren Oil Co., one of the nation’s largest independent lubricant manufacturers, reportedly raised its prices on packaged oils by 32 cents today.
This month’s increases were the sixth round of finished oil hikes in the past two years and the fourth since last spring. That is a fast pace of change for a market that rarely has undergone more than two markups a year and in some years none. Still, blenders have complained that their increases have not kept up with rising costs.
ExxonMobil distributed a letter to customers documenting the run-up in costs for base oils, as well as fuels, industrial chemicals and steel.
Re: Motor Oil on the Move!!!
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03-16-2006, 05:37 PM
#6
Re: Motor Oil on the Move!!!
Originally Posted by vandy021
If not today... Soon!
I just started shopping Valvoline Racing oil . I am finding it for 2.59 a Quart
and there talking the next shipment will be 2.89 a Quart. Does this sound like a good price ????Last time I bought it,it was 2.09 a Quart.Rob
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03-16-2006, 10:09 PM
#7
Re: Motor Oil on the Move!!!
Originally Posted by Strip Poker 388
I just started shopping Valvoline Racing oil . I am finding it for 2.59 a Quart and there talking the next shipment will be 2.89 a Quart. Does this sound like a good price ????Last time I bought it,it was 2.09 a Quart.
Rob
and there talking the next shipment will be 2.89 a Quart. Does this sound like a good price ????Last time I bought it,it was 2.09 a Quart.Rob
I understand your concern... but $3.00 if you use 10 qts.??
03-17-2006, 06:51 AM
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Re: Motor Oil on the Move!!!
Originally Posted by cigrocket
I have 12 qt oil pans, it sucks buying 24 qts an oil change of synethetic. And now the price is going up?
and what do you spend for fuel for the week end ???????
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