Do you expect engine oil prices to go up as the gas prices are going up these days?

I'm thinking about stocking them up.

This post has been edited by sonatalove: May 27 2008, 01:04 AM

You would do much better stocking up on cans of Gasoline & bags of Rice.

They are now limiting Rice sales. What is next, Corn

http://origin.mercurynews.com/valley/ci_9036860

WTF!

Stock up!

CITGO, ConocoPhillips, Shell and Petro-Canada Announce Finished Lube Price Increases

CITGO announced last week that it will implement list and customer specific price increases on all finished lubricants from 12% - 15% effective with shipments occurring on and after July 1, 2008. This increase will be applicable to all brands, all classes of trade and package styles including bulk. In certain instances, increase percentages may fall outside of the general change.

CITGO stated that base oil, additive, packaging, energy, and transportation costs have escalated at unprecedented rates and frequencies necessitating price increases in all of CITGO's product lines.

A few days prior to CITGO`s announcement, Shell announced that effective August 5, 2008, it will implement a general price increase on finished lubricants by up to 15%. The price increase will amount to $0.78/gallon, or $0.10/lb, on packaged products and $0.68/gallon on bulk products.

ConocoPhillips also announced a price increase for all finished lubricants by up to 18%, effective Tuesday, July 1, 2008 and Petro-Canada announced that it will raise lubricant prices by up to 18% for all shipments on or after June 26, 2008 in all package sizes.

Back on March 24, 2008, CITGO announced that it would implement list and customer specific price increases on all finished lubricants by up to 10% effective with shipments occurring on and after May 1, 2008. This increase, with few exceptions, was applicable to all brands, all classes of trade and package styles including bulk.

And back on March 20, 2008, Shell Lubricants announced that it would implement a general price increase of up to 10% for most products, effective May 2, 2008. The company stated that in certain instances, specific products may change in amounts that fall outside of this general increase.

And ConocoPhillips announced on March 19 that it would raise the prices on all of its lubricants by 5 to 10%, effective May 1.


AMSOIL Price update.
Although cost increases dictate a need to significantly increase the surcharge percentage in the US and to implement one in Canada, AMSOIL plans to hold it where it is for another month. AMSOIL is aware that a price increase for each product is preferable to a surcharge, but it was not something the company could implement quickly enough or with an acceptable degree of accuracy in a short time frame. The energy surcharge was the best short term method possible to keep up with rapidly rising costs. Set prices, reflecting an 8%-14% price increase, will replace the surcharge program effective August 1, 2008.