Volume 3 Issue 5
Shell, ExxonMobil, Chevron, Phillips 66 and several smaller blenders notified United States customers of impending finished lubricant price increases that take effect from mid-February through mid-March. Some companies cited increasing costs for raw materials used in production and delivery of their products.
Amalie Oil Co. and the plaintiffs of a class action lawsuit against the company have asked a Florida circuit court to grant final approval on a settlement agreed upon by the two sides late last year, according to the Independent Lubricant Manufacturers Association. Amalie is an ILMA member.
Automotive sales in the United States for 2019 are expected to reach just above 17 million, down around 1 percent, according to companies that track data from U.S. automobile dealers and original equipment manufacturers. Pickup truck and SUV sales continued to thrive, they found, while passenger car sales declined.