ExxonMobil Hikes Lube Prices

[AndyH]

From the "Lube Report":

quote:

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ExxonMobil notified U.S. customers last week that it will raise finished lubricant prices between 5 percent and 9 percent effective Oct. 1. Other leading lubricant marketers have not followed - at least not yet - but several independent suppliers have reportedly stepped out with their own increases.

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Full story here:
http://www.imakenews.com/lng/e_article000645753.cfm?x=b7WH3T1,b4gPB9dR

 

[CBDFrontier06]

Well, gas prices have dropped so they gotta continue lining their pockets with inflated prices on other product lines.

 

[RF Overlord]

quote:

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Originally posted by AndyH:
Other leading lubricant marketers have not followed - at least not yet - [/QB]

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I find that statement interesting as oil prices at my local Wally's have gone up 20% across the board since Katrina. Example: M1 used to be $4.77 but is now $5.68...Motorcraft is up similarly...

 

[Thermactor]

How else will they continue to turn record shattering profits? It's not like they'll actually bleed for the people a little bit while prices are abnormal.