More Price Decreases

Received a press release this morning that North American Lubricants is dropping their prices, as well. No word on the amount of the price increase, which takes place on orders placed today.

Shane Terry, president of North American Lubricants, cited a softening in the base oil market as one of the key factors in the price drop. Despite a rapid decline in the price of crude oil, the base oil market had not seen a dip in prices due mainly to refinery damage caused by Hurricane Ike. With those damaged refineries and blending plants now up and running, the price of base oil is dropping, allowing oil companies to pass on those savings to their customers.

About National Oil & Lube News

National Oil & Lube News is the fast oil change industry's oldest and largest trade publication. Started in 1986 by Steve Hurt (a former fast lube owner) and David Arrington, NOLN has grown and evolved right alongside the fast lube industry. Here at NOLN, our aim is to help fast lube operators with every facet of their business, from operations to technical issues. Our monthly magazine and this regularly updated website contain everything from technical tips, recall announcements and service guides to articles on handling customer complaints, building your brand and making your business the best it can be. With tips and advice from experts both inside and outside the industry, you're sure to learn something that can help your fast lube business grow and prosper.
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