After stutter-stepping for a week, paraffinic base oil suppliers in the United States this week followed Motiva in the latest round of price hikes. ExxonMobil broke a logjam yesterday by announcing an across-the-board increase of 15 cents per gallon, effective this Friday.
Naphthenic producers, meanwhile, charged ahead with new markups of their own. At least five suppliers announced dime-sized increases taking effect between the end of August and middle of September.
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