Oil Change Costs Soar Amid Middle East Tensions and Labor Shortages
The recent surge in oil change costs can be attributed to several factors, including the ongoing conflict between the U.S. and Iran, which has disrupted the Strait of Hormuz, a critical route for exporting oil from the region.
This shortage, combined with the scarcity of Group III base oil used in motor oil production, has led to increased costs.
Data shows that 44% of Group III production comes from three refineries in the Middle East, and tensions have affected the supply chain.
In addition, a lack of skilled auto technicians is restricting service shops, with around 38% unable to find qualified staff. This shortage drives up labor costs, which are then passed on to customers.