API Group II and III base oil producers jumped on the band wagon this week, joining major Group I producers that had announced price hikes in April. The latest wave of posting increases ranges from 18 to 30 cents per gallon.
Motiva lifted its Star 3 (70 viscosity) by 20 cents/gal and raised Star 4 (105) by 25 cents/gal. Star 6 (220) and Star 12 (600) moved up by 20 cents/gal. Motivas Group II-Plus Star 5+ (100) jumped by 25 cents/gal. All increases were effective Tuesday, May 6, the company said.