The price of engine oil.

06Fargo wrote:
is not worth worrying about?

If all I had was my long gone Subaru that only use 3 quarts, then it wouldn't be worth worrying about at all. But I'll probably need upwards of 75 - 80 quarts, so if the price of oil fell as much as fuel, then it's worth watching.

Bill

is not worth worrying about?

$14 for a 5 gal container at Walmart. $2.80 qt isn't bad and some places are giving major rebates.

I have not bought motor oil for years so not sure what a quart goes for. I know heating oil has come down in price the past month or 2 and it is nice to see gas down to 2.39 in our area. The local garage changes for $20 so does not make sense to to anything else.

The cost of motor oil seems unrelated to the cost of gasoline, even though they are both made from oil.

Probably 10 years ago, it was not unusual for local auto stores to have sales on cases of oil along with a mail in rebate program. With both the sale and the rebate, you could get oil for less than $1 per quart. And gas prices were still around $2.50-$2.75 per gallon. Then all of a sudden, motor oil prices skyrocketed and companies discontinued their rebate programs, and the prices haven't fluctuated hardly at all compared to gas prices.

So no, I don't think we'll see motor oil prices come down.
And in my opinion, you won't see gas prices stay this low for long. Something will give: OPEC will restrict volume, or American production will decrease because they cannot produce profitably at such low prices. Either way, prices will go up, and probably WAY up. Again, just my opinion.

Do not hold your breathe. 25% of a gallon of motor oil can be the additive mix and this is not cheaper. A big part of the cost is packaging and transporting it to a store to sell in small retail containers and this is not going to change significantly.

Top quality Valvoline and Pennzoil motor oils are selling for less than $20 a gallon in the lower 48 and that means $20-$25 a vehicle for my two cars and $60 for my truck. Not a big deal and a tiny part of the cost of operating and maintaining these vehicles. The only thing cheaper are the wiper blades.

Don't need it now, wait till spring. Current stocks are from higher priced crude.

Autozone had a big sale last week in Arizona.

I Think you will see rebates increase before an actual price drop.