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Drivers are getting little relief at the gas pump. Now the war in Iran could make routine vehicle maintenance more expensive as well.
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Certified mechanic and shop owner Marc Duebber said the cost of wholesale motor oil has gone up drastically this spring.
“I think the biggest hit is coming on the synthetics, because synthetic oil prices are jumping up to 150%,” he said.
RELATED STORY | Strait of Hormuz tensions threaten to push gas past $5 a gallon by June
He said supply is already an issue with his suppliers cutting back on how much motor oil they’re able to deliver.
“I’m calling and putting the hammer down on my sales guy and saying, ‘Hey, we’re running low on oil,’ and he’s telling me, ‘I’m doing the best I can to get it there,’” Duebber said.
Watch as a certified mechanic shows the impact of rising motor oil prices:
According to the trade journal The Drive, at least two automakers are allegedly sounding the alarm over a dwindling stock of motor oil due to the Strait of Hormuz blockade.
Nissan reportedly drafted a bulletin notifying service departments of a supply crunch. According to The Drive, it hasn’t been distributed.
Duebber, owner of Duebber’s Automotive in Cincinnati, said he’s adjusting prices daily, based on what his suppliers are charging each week.
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