More Price Increases, ExxonMobil Introduces New High Mileage PCMO

More Price Increases in Round Two

Maverick Performance Products announced today a price increase of 6 to 8% on its VP finished lubricants to be effective with orders placed on or after April 2, 2018. This increase is being driven by the continuing rise in raw materials costs used in manufacturing finished lubricants.

Reliance Fluid Technologies (RFT) announced it will raise its lubricant prices by 4 to 9%. The increase is effective April 9, 2018. Reliance attributes the increase to the rising costs of base oils, additives, packaging and transportation.

Martin Lubricants advised its customers of a 4 to 10% price increase on Its SynGard®, Xtreme®, and Gard® branded products and all private label lubricants and greases. This increase is effective April 16th. Martin attributes the adjustment to escalation in the costs of raw materials, including base oil, additives and resin for bottles and pails.

Sunbelt Lubricants announced a price increase of 6 to 8% for finished lubricants effective March 21st.

Warren Distribution announced a price increase of 5 to 8% on all lubricants to be effective with orders placed on or after Monday, April 9, 2018. This increase is being driven by the continuing rise in raw materials, base oils, additives and transportation costs.

As of today, the list of companies JobbersWorld reported on that have announced lubricant price increases in 2018 Round 2 is shown below:

Company Announced Date Effective Date Increase
Sinclair Lubricants 2/12/2018 3/1/2018 up to 5%
CAM2 3/1/2018 3/24/2018 4 to 10%
Smitty’s Supply 3/1/2018 3/24/2018 4 to 10%
Pinnacle Oil 3/2/2018 3/19/2018 5 to 10%
Allegheny Petroleum 3/5/2018 3/24/2018 4 to 8%
Advanced Lubrication Specialities (ALS) 3/29/2018 6 to 9%
Sunoco 3/29/2018 6 to 9%
Chemlube 3/7/2018 3/26/2018 5 to 8%
Reliance Fluid Technologies (RFT) 3/7/2018 4/9/2018 4 to 9%
Sunbelt Lubricants 3/8/2018 3/21/2018 6 to 8%
PennStar 3/9/2018 3/19/2018 6 to 10%
Martin Lubricants 3/12/2018 4/16/2018 4 to 10%
Warren Distribution 3/12/2018 4/9/2018 5 to 8%
Maverick Performance Products 3/7/2018 3/26/2018 5 to 8%

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 CLICK FOR COMPLETE LIST OF LUBRICANT PRICE INCREASES IN 2018 ROUND 1 

ExxonMobil Introduces the First Oil for High Mileage Vehicles That Guarantees Protection for 15,000 Miles Between Oil Changes

New Mobil 1™ Extended Performance High Mileage offers extra protection for high mileage engines, helping to extend engine life

New Mobil 1™ Extended Performance High Mileage offers extra protection for high mileage engines, helping to extend engine life

ExxonMobil is introducing a new high performance synthetic motor oil, Mobil 1 Extended Performance High Mileage. The new oil is specifically designed for high mileage vehicles with more than 75,000 miles on their engines and guarantees* longer lasting engine protection for 15,000 miles between changes.

“This new addition to the Mobil 1™ line of synthetic motor oils addresses the needs of a large and growing group of car owners – those that have high mileage vehicles and want extra protection to keep their vehicles on the road longer,” said Michele Biamonte, automotive marketing manager for ExxonMobil. “We know that owners of vehicles with over 75,000 miles represent over half of all vehicles on the road so we’re excited to introduce Mobil 1 Extended Performance High Mileage formula, the first oil designed to protect high mileage engines for 15,000 miles between oil changes.”

Available in 0W-20, 5W-20 and 5W-30 viscosities, Mobil 1 Extended Performance High Mileage is an advanced full synthetic motor oil. These specially formulated synthetic oils help resist oil breakdown, prevent sludge and deposit formation, and stop leaks in higher mileage engines, while providing extra protection to last 15,000 miles between oil changes.

Mobil 1 Extended Performance High Mileage oils provide exceptional engine protection for a wide variety of passenger vehicles including SUVs, light vans and trucks. The new formula is currently available at Meijer and Walmart.

For more information on this new product from ExxonMobil, visit mobiloil.com.

JobbersWorld Announces Lubricant Pricing Reports

JWMiniBooks-3A must have report for manufacturers, marketers, buyers and others looking to understand price drivers and communicate the reasons for price increases to customers.

THE REPORTS provide insights and information on finished lubricant prices and an in-depth analysis of the cost drivers responsible for the changes in lubricant costs and prices in the US market.

The Finished Lubricant Pricing Reports provide lubricant manufacturers and marketers with an independent source of information and insights on price changes at the manufacturer and retail levels and the key drivers behind the changes. In addition to the influence of crude and base oil, the reports analyze the impact of changes in the cost of lubricant additives, transportation, packaging, labor, and others.

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