Additional posted price increase announcements trickled into the market this week, with Chevron, Motiva, HollyFrontier, Excel Paralubes, Calumet, Avista Oil and Paulsboro communicating adjustments. There were reports that ExxonMobil would raise prices as well, and Phillips 66 will adjust postings for the second time in less than a month.
Chevron announced a posted price increase of 30 cents per gallon for its API Group II 100R base oil, 26 cents/gal for its 220R cut, and 25 cents/gal for its 600R grade, effective Dec. 8.
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