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During my time at Luxury Auto Mall of Sioux Falls, our Express Lube was a happening place. We were the only game in town with a $19.95 oil change, which included a multi-point inspection, window washing, and complete interior vacuuming. We kept a steady stream of cars during the week, with a nice peak coming on Saturday mornings.
It was, in many respects, the good old days. When we finally raised the price of our oil change, a few customers groaned but would remark “it’s a wonder you were able to keep it that low for so long anyway.”
Price Jumps
Our friends at GMPartsCenter.net put together a really interesting chart documenting the prices of motor oil for the last 80 years. The chart shows pricing for conventional motor oil on a per quart basis, the lowest available today being $4.25. The pricing data was tracked down through public library records, while the inflation adjustment was done using Bureau of Labor data. “When we put this data together, we were amazed to see relatively flat pricing for motor oil between 1934 and 2007,” says Matt Mylan, Parts Director, GMPartsCenter.net. “However, for reasons that aren’t obvious, the price of a quart of conventional motor oil has nearly doubled in the last decade compared to the historical average.”
The jump between 2009 and 2017 is interesting, especially since, after adjusting for inflation, prices stayed around $2 per q...