Another Price Increase, MDA Removes 303 THF From Sale

Amalie Announced Lubricant Price Increases

Amalie announced November 17, 2017 that it will increase the price of its oil and automotive chemical products by 32 cents a gallon and 4 cents a pound on all greases. The increase will take effect December 16, 2017. Amalie attributes the increase to continuous rising costs of additives, base oils, corrugated, plastic and transportation.

For more on price increases, scroll down.

Missouri Orders 303 Tractor Hydraulic Fluids Out of the State

THF303Pic11172017

As reported last week by the Petroleum Quality Institute of America, he State of Missouri Department of Agriculture Weights, Measures & Consumer Protection Division ordered that effective immediately Tractor Hydraulic Fluid (THF) labeled only as “303” can no longer be sold in the state, and the reason why is clear.

The John Deere (JD) 303 designation is 57 years old and has been obsolete for 43 years. In addition, there are no specifications available for 303 THF, and as such products making only “303” claims cannot be tested to assure compliance with any known specifications. Because of this, in the interest of protecting consumers, the State of Missouri ordered that “303” THF cannot be sold in the state.

Missouri’s banning the sale of “303” THF will have a significant impact due to the proliferation of 303 fluids in the market. These fluids are typically sold as low cost THFs and account for a very significant share of total THF sales. In fact, in some markets they are the leading type sold. Further, they are produced and sold by many lubricant manufacturers, marketers and retailers in the US and some have already received Stop Sale orders from the State of Missouri Department of Agriculture Weights, Measures & Consumer Protection Division.

Although not necessarily a shot heard around the world, the actions taken by the state of Missouri will most certainly send a clear message to marketers, retailers and farmers in other states. Because whereas the State of Missouri is the first to ban the sale of 303 THF, chances are others will follow.

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Source: The Petroleum Quality Institute of America

Round 3: Price Increase Summary

The following is a summary of the price increases JobbersWorld reported on for the third round of price increase is 2017

 

Lubricant Manufacturers Round 3

Company Announced
Date
Effective
Date
Increase
Kleen Performance Products 9/6/2017 9/6/2017 60 to 80 cpg
ExxonMobil 10/20/2017 11/20/2017 up to 6%
Chevron 10/24/2017 12/4/2017 up to 6%
Warren Oil 10/25/2017 11/17/2017 4% to 9%
Chemlube 10/26/2017 11/20/2017 20 to 25 cpg
Advanced Lubrication Specialties (ALS) 10/26/2017 11/13/2017 6 to 10%
CAM2 10/26/2017 11/15/2017 4 to 9%
Smitty’s Supply 10/26/2017 11/15/2017 20 cpg Bulk
25cpg Packaged Lubricants
3cpp Packaged Greases
Phillips 66 10/27/2017 12/1/2017 6%
Nu-Tier Brands 10/27/2017 11/17/2017 up to 6%
Sinclair Lubricants 10/27/2017 12/11/2017 up to 6%
Old World Industries 10/30/2017 11/13/2017 up to 8%
Warren Distribution 10/31/2017 11/27/2017 6 to 9%
Allegheny Petroleum   10/31/2017  11/8/2017 30 cpg
Petro-Canada 10/31/2017 12/1/2017 up to 6%
Valvoline 11/1/2017 12/1/2017 up to 5%
D-A Lubricant 11/1/2017  12/1/2017 up to 6%
CITGO 11/2/2017 12/4/2017 4 to 8%
SOPUS/Shell  11/6/2017 12/11/2017 up to 6%
BP Lubricants/Castrol (including industrial)  11/7/2017  12/11/2017 up to 6%
Total 11/9/2017 12/11/2017 up to 6%
Amalie 11/17/2017 12/16/2017 32 cpg Oil and Automotive Chemicals, 4 cpp greases
Pinnacle Oil 11/15/2017 5 to 7%
Increase

CLICK TO ENLARGE

Increase11212017R3


Quick Stats for the Three Rounds of Price Increases in 2017
Days from the Start of Round 1 to the Start of Round 2 63 Days
Days from the Start of Round 2 to the Start of Round 3 205 Days
Average Price Increase for Round 1 5.79%
Average Price Increase for Round 2 5.75%
Average Price Increase for Round 3 6.31%

CLICK TO ENLARGEIncreaseTable1231172017

CLICK HERE FOR A TIMELINE OF ALL THREE ROUNDS OF PRICE INCREASES IN 2017

Increase11212017Long

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