In an unprecedented and “unique” year, suppliers have announced their fourth price increase since January 2021 on finished lubricants, greases, chemicals, coolants, DEF, and antifreeze – with hikes ranging from 7% to 18% depending on the product.

The increases, which go into effect beginning July 12 and average about 12%, have been attributed to continued market stress and soaring costs for everything raw materials to additives, packaging, transportation, and logistics. READ MORE