Effective, November 7th, Flamingo Oil Company will have a price increase on Maximo, Flamingo, Peak, and Coastal Branded products from 6 – 10% on most products; different price treatment may apply to selected products including, but not limited to, hydraulic oils.
The third and fourth quarter of this year we have had repeated small increases that we have absorbed along with freight increases, but the cumulative effective now has forced us to raise prices. Two suppliers in the industry (not ours) raised prices 60 cents in the last 60 days.
Exxon Mobil was the first to announce an increase of 6% for November. Chevron, Phillips 66, Valvoline will also move up to 6% at the end of November. The other majors have indicated that they will follow. Flamingo will update this letter when Shell, Pennzoil, Quaker State and Castrol announce their increases. We will move on those products the day they implement their increase to us. The other house brands have all announced 6 – 9% increases.
Crude Oil continues to increase. The hurricanes knocking out production has not helped. And generally the economy continues to grow, putting pressure on prices.
As always if you have any questions please reach out to your company’s sales representative and please visit our web site — www.FlamingoOil.com