Effective April 15, Spike Will Affect Finished Lubricants, Greases, and Specialty Products Citing “intense inflationary pressure” due to increased costs across the board, some major suppliers have announced yet another price increase of up to 25% effective April 15 on finished lubricants, greases, and specialty products. The move, which comes... Read More +
Increase for Raw Materials Effective Jan. 1 Precedes Annual Adder Increase for Rail Freight Due to increases announced by diesel exhaust fluid (DEF) suppliers, SCL is increasing DEF prices immediately by $0.25 per gallon. In addition, another increase will take effect later in the month to account for the annual... Read More +
Tumultuous Year for DEF, Lubricants, Additives + Greases Ends with Across the Board Hike In what has been an unprecedented and tumultuous year for price increases on DEF, lubricants, additives and greases, manufacturers have once again announced an across-the-board hike of up to 15% on all products effective in December.... Read More +
New announcement cites increase of up to 9% on select products beginning Nov. 4 As costs associated with production and transportation of base oils and lubricants continue to climb, additive manufacturers have now announced an increase of up to 9% on select products beginning Nov. 4, 2021. It’s important to... Read More +
Picture this—you pull into the Shell gas station on Pico and Western. The Marquee reads $4.52 for regular unleaded, $4.92 for premium, and $4.50 for Diesel. But wait…weren’t gas prices more than $1 less just a year ago? Yes, but fuel taxes aren’t what they used to be. Fuel... Read More +
Suppliers Attribute 7% to 18% Spike Across Products to Market Stress, Soaring Costs In an unprecedented and “unique” year, suppliers have announced their fourth price increase since January 2021 on finished lubricants, greases, chemicals, coolants, DEF and antifreezes – with hikes ranging from 7% to 18% depending on the product.... Read More +
Find Out Who Comes Out on Top When Price Increases Are Handed Down In the wake of price increases on finished lubricants, it’s important to understand not only the causes of those increases but also who the true winners and losers are when they occur. About 80% of domestic oil... Read More +
Continued Rising Costs in Manufacturing Cited for Increase of Up to 12% According to a new round of announcements by manufacturers, pricing for all finished lubricants, greases, chemicals, coolants, and antifreezes will increase up to 12% beginning May 17. The third price increase announcement of the year is attributed to... Read More +
Increase of Up to 15% Effective Across All Petroleum Products Beginning Early February In late December, suppliers indicated prices would increase by only 12%, but then circled back on Jan. 20 announcing another hike — bringing the total increase to 15% and putting into motion what’s called a “double dip”... Read More +
California Fuel Tax Set to Increase July 1st A tax increase on motor vehicle and diesel fuels is coming to the state of California, effective July 1st, 2019. According to a special notice issued by the state of California’s Department of Tax and Fee Administration, “The prepayment rate for each... Read More +
Rising Costs of Raw Materials Spur Second Price Increase Last week we published a notification alerting our customers to a pending 6% increase in price based on the rising cost of raw materials. Over the past week, however, most major oil suppliers announced an unexpected additional price increase from 6%... Read More +
Price Increase Scheduled for Finished Lubricants – May 6, 2019 With increases in the cost of raw materials, rising freight costs and overall market fluctuations that affect manufactures, and the processing and delivery of finished products, a 6% finished lubricants price increase will go into effect on May 6th. In... Read More +
Leer en EspañolA Price Increase on Antifreeze and Coolant is on the Horizon With increases in the cost of raw materials such as ethylene glycol, rising freight costs and overall market fluctuations that affect the manufacture, processing and delivery of antifreeze and coolant, a 5% price increase for these products will go into... Read More +
A Myriad of Factors Affect the End Cost of DEF In 2010, the EPA created a mandate that all medium and heavy duty vehicles were required to reduce emissions (most notably NOx) by incorporating diesel exhaust fluid, or DEF. DEF is a non-hazardous solution consisting of a 32.5% urea and... Read More +
Leer en EspañolHow Does Oil Actually Affect Your Bottom Line? With the ever increasing cost of running a business, companies will do anything to increase savings to their bottom line. When the cost of lubricants goes up – and it will – fleet managers often think that by changing their oil provider... Read More +
Leer en EspañolOil Marketers Brace Themselves for Lubricant Price Increases Recently we received notification from some of our major and private label oil manufacturers that a 3rd round of lubricant price increases for finished lubricants are coming, beginning July and August of 2018. Notifications continue to trickle in, but as of... Read More +
Leer en EspañolFinished Lubricants Price Increase With the continued rise of raw material costs that impact the manufacturing, processing and delivery of finished lubricants, a 2nd round of price increases are expected by all major manufacturers by as early as April 23, 2018. According to Jobbers World, price increases on finished lubricant... Read More +
This February Expect Lubricant Price Increases for all Major Oil Manufacturers Beginning in February 2018 you can expect all major oil manufacturers – Chevron, Shell, Phillips 66, Exxon/Mobil, etc – to roll out lubricant price increases of 5-7% on lubricating oils, coolants/antifreezes and greases, with certain specific products potentially increasing... Read More +
A $0.01 Increase on Motor Oil in the State of California As of January 1, 2018, the California Motor Oil Fee increase from $0.04/gallon to $0.05/gallon, raising the state Motor Oil Fee to a total of $0.29/gallon from $0.28/gallon. The tax increase will affect motor oil dealers who produce, sell... Read More +
It’s a universally accepted truth that nobody likes or wants an increase in price, and pricing is a sensitive topic for us at SCL. We understand what a lubricant price increase can mean for our customer’s bottom line and as a logistic and solutions provider we do our best... Read More +
Every 8 years the American Petroleum Institute (API) releases a new batch of oil formulations for heavy duty truck fleets that are created to accommodate changing emissions and fuel economy regulations and PC-11 is the next formulation about to be put through a formulation change. As a result, oil... Read More +
