AMSOIL is forced to implement an energy surcharge

[Pablo]

Originally Posted By: Edmond
With the prices dropping in oil, is Amsoil going to reduce the cost of their product?


Let's see if the cost of additives and base oils drop....

 

[greenaccord02]

Is there a way to see the current price of those items? I know they come from many suppliers, but is there some kind of index that could be used for reference? I've always wondered because that might be a good way to predict the soon-to-be cost of any oil, not just Amsoil. Of course if they did go down and the price of our products did not drop we could see which companies really are passing savings on and which aren't.

 

[Pablo]

Just get a subscription to Lubes 'n Greases.

 

[Mike_dup1]

If you pay attention to the business news you will notice the price of oil today if for November or December delivery. The news rarely mentions that fact in their reports. Everything in the pipeline today is at the high prices of July, August, Sept. Its like the gas you bought for your car at $4.25/gal. Until you use it up you cannot take advantage of the current low prices to fill up at $3.25. By the time your tank is empty, the price might be on the rise again. While the price of crude it dropping, other things are holding. UPS is not cutting rates for instance.

The reason prices rise faster they fall is because of cash flow. If the price of raw materials double and you sell your products for less that what it will cost you to produce, your are bankrupt. You cannot afford to buy more raw materials at the current prices. That's why gas goes up so quickly. While it may seem like they are making more profit, it all goes to buying new raw materials. If the price of gas is not raised, the station does not have any cash to buy new inventory.

 

[Johnny]

Originally Posted By: Pablo
Just get a subscription to Lubes 'n Greases.


Here is where you can get it, and it's FREE. Just sign up and they will email it to you every month.

http://www.lngpublishing.com/

 

[greenaccord02]

Thanks Johnny!

 

[Pablo]

Yes - thanks Johnny for the link....I must have been rushing off Sat afternoon. You can get the hardcopy mag as well if you are somehow in the business.

 

[Steve S]

I usually keep enough of a stash to do the next oil change or two on my vehicles. Is that bad? 55 qts

 

[greenaccord02]

"next oil change or two" huh? Sounds like you've got 'em covered for the next year or two. I need to work more on my stash, I guess.

 

[Steve S]

When there is a killer sale on oil I stockup that amount. 15 qts on Ford powerstroke and 12 qts on 2 Toyota 4 cyl p/u per oil change.

 

[buster]

Quote:
According to marketers, ConocoPhillips says the major driver for the decrease is the recent drop in the price of crude oil and what marketers are told is the "anticipated reduction in other component costs."

Interestingly, marketers are also being told that although base oil and other component imbalances continue in the market, ConocoPhillips inventory provides the flexibility to make the price move at this time.

 

[mpersell]

There are a couple of suppliers that lowered their prices by 10-20 cents per gallon last week on napthenic base group 1 and 2.

There is still is no major drop in pricing for base oils. Group 3 and 4 may even go up until the February timeframe.