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Middle East Crisis Threatens Motor Oil Supply

Middle East Crisis Threatens Motor Oil Supply

Published 2 weeks, 1 day ago
Description

Middle East crisis causing motor oil shortages and price surge: Newer cars, especially, rely on specific low-viscosity oils, with a key ingredients supply chain disrupted. Prices have already spiked, with some bulk prices increasing by over five dollars a gallon this year. The US is expected to run out of crucial oils by June, and alternative supplies are dwindling. The administration has a plan to mitigate impact, but experts warn of higher prices ahead.

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