U.S. Motor Oil Prices Climb 15%-20% as Tightening Supply Threatens Repair Costs
Updated
Updated · KWCH · May 27
U.S. Motor Oil Prices Climb 15%-20% as Tightening Supply Threatens Repair Costs
4 articles · Updated · KWCH · May 27
Synthetic motor oil prices have risen about 15% to 20%, and U.S. repair shops say the tighter supply could soon lift routine maintenance bills.
Kansas auto suppliers and service centers said there is no broad shortage yet, but some locations are already running low or out, especially as synthetic oil costs rise faster than other grades.
Expert Auto Center said its vendor is making frequent deliveries to keep tanks full and is absorbing higher costs for now rather than passing them on to customers.
Shop managers compared the strain to COVID-era supply disruptions and warned that if tight supply persists much longer, customer prices may have to increase nationwide.
With global oil trade disrupted, can new U.S. factories prevent a long-term vehicle maintenance crisis?
As key oil reserves are set to be exhausted by June, what permanent changes will America's auto industry face?
Will this oil crisis force a permanent industry shift to sustainable, bio-based lubricants?