We are aware that back-to-back price adjustments can create a difficult situation for AMSOIL Dealers, but all oil companies are forced to do this. Rest assured, every step was taken to prevent this action. As noted in the State of the Lubricants Industry presentation given at the 35th Anniversary Convention and summarized in the August Action News, AMSOIL has been issued repeated increases from our suppliers, and by much larger percentages than ever before. The Action News article indicates that, in the past 12 months, the price of base oils used in the production of AMSOIL synthetic lubricants has risen by 47 percent. In addition, diesel oil additives are up 24 percent, two-stroke oil additives are up 27 percent and gasoline engine oil additives are up 25 percent, all in the past six months. Those statistics are nearly a month old now and, with suppliers issuing price increases, sometimes on a weekly basis, are quite outdated.
