Several major oil companies notified customers of finished lubricant price drops in recent weeks, although industry sources indicate a wide chasm remains between the majors and independents on pricing, increasing the independents appeal in a tough economy.
Some marketers say these decreases were sorely needed. The majors have been so far out of whack compared to the independents, an official with a Midwestern distributor told Lube Report. Some of these independent guys went down as much as $2 a gallon the last two months. The majors went down, some only by 50 cents, and some up to a dollar or more.