More Price Increases and Valvoline Announces New Product

Phillips 66 and Total Lubricants Announce Increases

Phillips 66 Lubricants announced it will raise finished lubricant prices by up to 5%. The increase is effective March 5, 2018. Phillips attributes the increase to recent increases in raw material costs.

Total Specialties USA advised its customers of a 4 to 8% price increase on TOTAL branded lubricants. This increase is effective February 26th. Total attributes the adjustment to escalation in the costs of base oils, additives, and other raw materials used in the manufacturing of lubricants.

Allegheny Petroleum announced a price increase of $0.25 a gallon for all of its lubricant products ordered on or after February 26th.  The price adjustment is attributed to industry wide increases in the cost of raw materials.

As of today, the list of companies JobbersWorld reported on that have announced lubricant price increases in 2018 is shown below:

Company
Announced Date
Effective Date
Increase
CAM2 1/12/2018 2/5/2018 6 to 10%
SOPUS Products (Shell Lubricants) 1/15/2018 2/19/2018 up to 5%
Advanced Lubrication Specialties (ALS)
1/16/2018 2/5/2018 6 to 10%
Sinclair Lubricants 1/17/2018 3/1/2018 up to 6%
Chemlube 1/18/2018 2/5/2018 $0.20 to 0.25/gal
Nu-Tier Brands 1/18/2018 2/19/2018 6 to 8%
Martin Lubricants 1/18/2018 2/16/2018 4 to 7%
Safety-Kleen 1/18/2018 2/19/2018 5 to 8%
Pinnacle Oil 1/19/2018 2/6/2018 6 to 10%
Royal Mfg 1/22/2018 2/26/2018 5 to 8%
ExxonMobil 1/22/2018 2/26/2018 up to 6%
Reliance Fluid Technologies (RFT) 1/22/2018 2/26/2018 5 to 9%
Chevron 1/22/2018 3/1/2018 up to 5%
Warren Distribution 1/24/2018 2/26/2018 6 to 9%
Smitty’s Supply 1/24/2018 2/12/2018 lubricants 6 to 10%
Greases 3cpp
Phillips 66 1/25/2018 3/5/2018 up to 5%
Total Specialties USA 1/26/2018 2/26/2018 4 to 8%
Allegheny Petroleum 1/26/2018 2/26/2018 $0.25/gal

Increase1262018Timeline

Valvoline Introduces New Modern Engine Full Synthetic Motor Oil

valvpic1262018Valvoline, a leading worldwide supplier of premium branded lubricants and automotive services unveiled another innovative new product with the introduction of Valvoline™ Modern Engine Full Synthetic Motor Oil. This new product is specifically engineered to protect against carbon build-up in Gasoline Direct Injection (GDI), turbo and other engines manufactured since 2012.

ScreenHunter_4115 Jan. 26 19.07“For over 150 years, Valvoline has been at the helm of product innovation, meeting consumer needs with smart science and solutions. Our team is leading the industry with the launch of Valvoline Modern Engine,” said Heidi Matheys, Valvoline chief marketing officer. “As part of our full synthetic portfolio, Modern Engine will combat potential carbon build-up in newer engines – an issue that degrades vehicle performance. Most consumers are unaware that the issue even exists, even though it has the potential to impact roughly 100 million newer vehicles on the road today.”

The company says that engines in vehicles 2012 and newer are built smaller and more efficient than ever. As a result, they run hotter, and are more susceptible to developing Low Speed Pre-Ignition (LSPI) knocking due to abnormal combustion, as well as fuel and oil related carbon build-up.  These issues could lead to power and fuel economy loss – and ultimately, engine breakdown.

Commenting on the launch of Valvoline Modern Engine Full Synthetic Motor Oil, Fran Lockwood – chief technology officer at Valvoline, said: “Valvoline Modern Engine captures key learnings from extensive research on how motor oil formulation – namely oil properties and additive composition – not only influence but can actually help prevent the formation of carbon deposits in the newest engine models.

For more information on Valvoline Modern Engine Synthetic Motor Oil, please visit ModernOil.com.

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