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FLASH...Shell is Now FIRST... The First
Major to Announce a Price Increase |
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It seems like only days ago (because it
was), JobbersWorld reported, now that
several of the leading independent lubricant
marketers announced price increases, what
will the majors do?
Well we now know what at least one will do.
Because today, Shell (Shell, Pennzoil,
Quaker State) advised its marketers it will
institute a general price increase
for finished lubricants on average of 6%,
effective September 15, 2009.
And just like the old days of price
increase announcements, Shell reportedly
limits its explanation/justification of the
increase by saying, this increase is due to
the costs of raw materials used in the
production and distribution of its products.
Shell's price INCREASE on lubricants is
the first among the majors to reverse what
was close to a six month trend where
lubricant prices were decreasing.
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Citgo bumps up MileMaster Price |
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Citgo advised it marketers the price of its
MileMaster brand will increase effective
August 15, 2009.
According to marketers, MileMaster prices
will increase from $0.24 t0 $0.40 a gallon.
The say 5W-20 and 5W-30 will go up $0.40 a
gallon, and HDEO will increase by $0.36 a
gallon. ATF, THF and hydraulic fluid will
reportedly increase by $0.24 a gallon.
For those unfamiliar with MileMaster, it's
the CITGO brand many in the industry refer
to as Citgo's "fighting grade."
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Thank you
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