Motor oil

NPR - The cost of lubricants like motor oil is rising rapidly, and even a tentative agreement to end the war in Iran will not alleviate the issue. Motor oil is essential for protecting your car's engine from wear and tear. The oil used in synthetic motor oil, in particular, is not produced in large quantities in the U.S. In addition, the U.S. has the largest trade deficit in the world for this form of oil. The current shortage could lead to significantly higher costs for your next oil change. Since the war began, the industry has been relying on inventories — stockpiles of base oil — that have helped mitigate the impact on retail customers. However, these stockpiles are now depleting. While full-price hikes have not yet affected drivers, mechanics are starting to feel it.