Total U.S. lubricant sales volumes in the second quarter of this year edged down 3.2 percent compared to the same period in 2007, according to the latest sales data from the National Petrochemical and Refiners Association. The likely cause: fewer miles driven per vehicle as owners recoiled from high fuel prices, says an industry expert.
The organization on Sept. 12 released its Quarterly Index of Lubricant Sales, showing that volumes for the second quarter fell across the automotive and grease sectors, while the industrial lubes and process oil sectors remained virtually unchanged, compared to 2007s second quarter. The update came just two weeks after first-quarter data were available.
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