At Greg’s Petroleum Service, we believe in keeping our customers informed—especially when market conditions begin to impact pricing and supply.
What’s Driving Changes in the Lubricant Industry?
The global energy market continues to experience volatility, influenced by geopolitical tensions and ongoing supply chain disruptions. These factors are driving increases in key cost components such as:
- Crude oil and base oils
- Additives used in lubricant formulations
- Packaging materials
- Transportation and logistics
While there have been brief periods of optimism in crude oil pricing, certain segments—particularly Group III base oils (commonly used in full synthetic products)—remain tight and are expected to stay that way for the foreseeable future.
Supplier Cost Increases
Our primary suppliers, Chevron and Valvoline, have both implemented multiple rounds of price increases in response to these rising costs. These adjustments reflect broader, industry-wide pressures rather than isolated changes.
What This Means for You
As a result of these supplier increases and ongoing market conditions, we have made necessary adjustments across our lubricant product lines. These changes allow us to continue delivering:
- Reliable product availability
- Consistent quality from trusted brands
- The level of service and support you depend on
Please note that pricing adjustments may vary by product line, depending on supplier changes and specific market factors.
Our Commitment to You
We understand that pricing changes can impact your business, and we do not take these decisions lightly. Our team works diligently to manage costs wherever possible and minimize the impact on our customers.
If you have questions about how these changes affect your specific products or account, your sales representative is always available to help.
As your local fuel and lubricants supplier, we truly value your partnership and appreciate the trust you place in Greg’s Petroleum Service.