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Fortune
Fortune
Jordan Blum

The ‘imminent’ oil crisis isn’t at the pump—it's under your hood

(Credit: Photo by: Don and Melinda Crawford/UCG/Universal Images Group via Getty Images)

Prices at the pump have surged and global fertilizer shortages are spreading because of the war in Iran, but the most immediate supply chain crisis hitting consumers may be one that arrives every 5,000 miles: the routine engine oil change.

Despite the United States’ world-leading oil production and refining capacity, the country is increasingly dependent on Middle Eastern supplies for the specific base oils that comprise most modern motor oils and lubricants. Now, lubricant refiners, automakers, and oil change service stations are sounding the alarm—prices are spiking, and supply shortages will hit in June.

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