money for used motor oil

Do you really want to do business with a company that stole its pricing practices from a cable company? “We have a mechanism that gives the provider and us transparency and shows the value of the oil in the marketplace,” he said. On top of that, you never know if they are doing a good job. It is also sold as a burner fuel to the asphalt industry and is sometimes burned in steel mills. These days, for some fleets used oil is now a profit center. Typically, the filter would be crushed and the oil … Whether it's used motor oil, diesel fuel, kerosene, off-spec fuels, used vegetable oil, used gear oil, cutting fluids, transformer oil, bilge oil, and may more, they can all be recycled or re-purposed. This oil cleans your engine and prevents heat build-up. © 2021 Transport Topics All rights reserved. “You bid it out and say, ‘We’re going to produce X number of gallons a month on the average. Although carriers are passing their used oil along to recyclers, they still are liable for the material. For Con-way Truckload, burning oil still makes sense. Best Conventional Motor Oil for the Cost. Con-way ranks No. We believe that by reusing and recycling used oil, we save the environment and we save our clients money. “You paid to have it re-moved, but as re-refining technologies have been perfected, it has become more valuable.”. Their 5W-30 motor oil has been sold to vehicle owners for over 100 years. Even with the value of used motor oil, Treadway said, Kenworth Sales Co. still charges environmental fees to help cover expenses associated with disposing of other chemicals and oily rags, cleaning uniforms and maintaining the necessary paperwork. Due to environmental concerns, it is also illegal to burn the oil or dump it into a drain. “I went back through our invoices and told the dealerships we’re not going to pay those fees. There are a lot of companies out there that are going to offer you an amazing introductory rate, only to flip the switch sometime down the road and jack their rates up. Recycled motor oil can be refined and redistributed pretty much indefinitely. It takes 42 gallons of crude oil but only 1 gallon of used motor oil to produce the same 2.5 quarts of lubricating oil. I am often asked to visit plants that have excessive amounts of oil leakage in order to make some recommendations. When Con-way Truckload, Ann Arbor, Mich., gets rid of its used oil, it is sold to a refinery that pays the carrier $1.50 a gallon — which extrapolates to $4,800 a month, or $57,600 a year, for the 3,200 gallons it produces monthly. Recycling oil is cheaper than refining oil from crude. Also avoid storing used engine oil in containers that once housed other fluids. There are several components to motor oil breakdown. Recycling used motor oil is an industry-standard practice that automotive service providers are all too familiar with. Oil change full synthetic at the lube shop costs over $60 bucks, but I can get the oil for $1 a quart (5 quarts) and an oem filter for $8. Step 1 Collect waste motor oil (WMO) in a black, aluminum container and leave it in the warm sun for a few days; the color and type of the container will help draw heat into the oil, without reaching boiling point. Because Valley Power Systems, based in City of Industry, has several locations in California, Price takes extra precautions. Remember the oil filter. How it Works: Recycling Used Oil and Oil Filters. D15B 3-stage VTEC or the D17 on the new Civic. 62 on the for-hire TT 100, recycles oil at all nine of its locations, and Mead negotiated a contract rate with adjustable commodity pricing based on oil prices. Make sure your used engine oil is stored in a sealed container. Miller said the heater needs to be cleaned monthly, but it has not required any additional maintenance. To find your nearest oil bank check the oil bank web site at www.oilbankline.org.uk, telephone 03708 506 506 or contact your local authority recycling officer. Industry officials told Transport Topics that carriers need to exercise caution when selecting whom they work with for recycling. The fuel lines and pumps in a gas engine aren't intended to handle this type of fuel, and many of the sensors used to determine fuel ratios in modern cars simply can't cope well with this variation. The contracts range from a fixed price to an indexed price based on either the Platts recycled fuel oil price or the Nymex, said Darwin Hall, senior vice president of the company. Don’t mix your used oil with brake fluids or anti-freeze. 3 on the Transport Topics Top 100 list of the largest for-hire carriers in the United States and Canada. However, that same amount of clean oil can be repurposed from just a gallon of previously used motor oil. Even after draining, the filter can contain as much as 10 oz. Baking soda and even just hot water are necessary ingredients used to remove the motor oil. Till the cost of a Barrel of Crude Oil exceeds $100 or more, recycling of Used Motor Oil into more Motor Oil is not cost effective, and there are doubts that even at $120.00 per Barrel, or more it will never be a break-even proposition. If you change your own oil, you will need to learn how to responsibly recycle your used oil and oil filter. If you operate across several regions or in all 50 states, Quest is the only option that delivers fair market prices and great service. It is also the bestselling oil, manufactured by a trusted brand that creates formulas for use by different devices. One Quart of Used Motor Oil will pollute up to 40,730 Square Feet of Soil! This discrepancy is entirely due to each oils' different kinds of base stock, which makes up three-quarters of a typical bottle of oil. Most Autozones will allow you to dump it there for free. For example, engine oil additives may be used to help a dirty diesel engine run cleaner or to improve seals and block leaks in an older engine. Global Fuel Recovery is an on-line marketplace where you can buy and sell used oil products and off-spec fuels. Gerald Mead, vice president of maintenance for P.A.M. Transportation Services, Tontitown, Ark., said the fleet gets paid $1.43 a gallon for used oil, plus it’s also able to dispose of antifreeze, cleanup materials from spills, and oil and fuel filters free of charge. The most important aspect of this business as a service provider is to recycle motor oil at fair market value. Engine Check your engine oil weekly when the car is warm and on level ground. Increasing the production of automobiles and demand for conventional and synthetic products are the key factors driving this industry. The engine is the most important part of your bike and needs to be cared for with the most attention to detail. What’s more, Mead used his knowledge of used motor oil’s value to negotiate the environmental fees dealerships often charge. Some drivers report the oil lasts up to 2000 miles before minimal oil top-up is required. For example, Hall said the drier used oil is the more value it has. Also, the oil … “Right now, it is much more cost-effective for us to use it to heat the facility,” he said. Used motor oil can generate quality energy, if processed, stored and handled with care. That is exactly what happened to Treadway. Buying a fuel additive is just a waste of money. Quest believes in maintaining long-term partnerships through honesty and fair practices. Even with the amount that is burned for heat, Nora’s Parker said more than 1 billion gallons of used oil are collected and recycled each year. In an effort to win business, bundling services among used-oil purveyors has become commonplace, and carriers have been able to negotiate prices that include the disposal of other fluids and contaminated materials. Before signing on with a company, Price said, he checks out the firm on the Environmental Protection Agency’s website, runs a Dun & Bradstreet background check and inspects the transport vehicles. Other factors also come into play. However, Perry said, Ryder’s contract is proprietary, so he couldn’t disclose the terms. Don’t mix engine oil with any other substance – as this makes it difficult to recycle. Purolator is an oil filter brand which has been used in vehicles for more than 9 decades. 1) Will not put in or have a supply of Mobil extended performance, the 15K/ 1 year motor oil. Total is $13 and some time, versus $60 and even more time. Mineral; Their Purolator Boss oil filter works wonderfully with synthetic engine oil.. “Where are the re-refiners?”. Used oil can become a virulent contaminant if it comes into contact with water or soil. Push the dipstick all the way in, wait a second, and then withdraw it and check the level. You’d also be doing the environment (and our dependence on imported oil) by refining your used oil waste—as just one gallon of used motor oil can provide the same 2.5 quarts of lubricating oil (used in many types of machinery) as 42 gallons of crude. This keeps the parts in shape, providing good fuel efficiency and keeping a good balance of friction and lubrication. “If they mix our oil with other oil and one of them happens to be contaminated with PCB, we could be held responsible for a portion of the load,” he said. Producing a gallon of re-refined base stock requires less energy than producing a base stock from crude oil. Treadway said he negotiates rates periodically and is currently getting about $1.10 a gallon. Motor oil poured onto the ground, into storm drains, or tossed into trash cans (even in a sealed container) can contaminate and pollute the soil, groundwater, streams, and rivers. The same goes for the fuel manufacturers. Additive exhaustion 3. Kyle Treadway, president of Kenworth Sales Co., West Valley City, Utah, which operates 20 truck dealerships in the Mountain and Western states, said his locations collect about 5,000 gallons of used oil a month. As oil prices rose and third parties got better at reprocessing it, the entire market changed. Contamination 2. Of this, 48,000 bbls is dedicated for used oil feed and 40,000 bbls is for HCC 150 Group II base oil. Depending on the vehicle and motor oil used, diesel oil can even extend the time between your next oil change. ... 50 Years of Money-Saving Tips! Top of Page. That arrangement results in profits and savings of about $72,000 annually, he said. We know it is of value, and they can get paid for it,” he said. Facts about Motor Oil Used motor oil can generate quality energy, if processed, stored and handled with care. Here in Texas the going rate, believe it or not, is 50 cents a gallon. John Wesley, CEO of re-refiner Universal Lubricants, Wichita, Kan., said, “The economics have changed considerably in the last 10 years. Disadvantages. Our strategies are nimble. Tried and true is an understatement for Quaker State. Step 1 It is up to carriers to do their homework to secure the best price for their discarded oil, said Randy Cornell, vice president of maintenance for Con-way Truckload. Evergreen Oil, Irvine, Calif., is the largest re-refiner in the state and maintains one- to three-year contracts with its customers. Used motor oil can be reprocessed into fuel that can be used in furnaces for heat, or in power plants to generate electricity for homes, schools and businesses. MinStar’s maintenance facility, NorthStar Diesel Service, also in Eagan, Minn., installed a waste-oil heater for its six-bay truck shop in 2011. Moreover, you can consider purchasing a container […] SELECT YOUR STATE. Molecular breakdown You can somewhat fix 1. and 2. by filtration and replenishment of the additives respectively, but there is little you can can do to reverse 3. which is caused by the breaking of the long hydrocarbon chains reducing the viscosity. One gallon of used motor oil provides the same 2.5 quarts of lubricating oil as 42 gallons of crude oil. The "Honda Engine Oil" is a semi-synthetic 15W-40 oil which is recommended for all Honda engines, including the super high spec'ed DOHC VTEC and DOHC iVTEC versions. It will give you up to 15,000 miles of oil filtering before you need to replace it with a new filter. It can also be used in industrial and utility boilers, blended for marine fuels, and other uses. People with larger quantities, like garages, burn it in shop heaters or they accumulate it and sell it. With big concerns about the environmental impact of used oil in our waste and water ground. As to flushing an engine out prior to an oil change, I think the man from Ford is absolutely spot on. The Honda "VTEC-LEV" engine oil is meant for the low-emissions rated engines, e.g. The spark ignition used in a standard gasoline-powered engine would have a very hard time achieving combustion with vegetable oil. “If they’re going down the road and a wheel falls off, we’re coming to the party,” he explained, meaning that his company could be held liable and get pulled into a lawsuit. The value of used oil also depends heavily on the end market for the product, which is unique to geographic regions and the markets that are available in those areas, industry experts have said. Nowadays, it cost’s almost $40 to get your oil changed at Jiffy Lube! As the industry of recycling used motor oil expands to meet demand, the options for recycling are becoming more abundant and therefore, more complex. Cornell said the price for a gallon of used oil would have to increase dramatically to offset the savings Con-way gets from burning it to heat its inspection bays. Our rates are extremely competitive. 950 N Glebe Road Suite 210, Arlington, VA 22203, Energy Agency: Virus to Cause First Oil Demand Decline in Decade, ‘External Source’ Causes Oil Tanker Blast Off Saudi Arabia, Oil Rallies With Strong Jobs Data Adding to OPEC+ Cut Optimism, XPO Names Leadership Team for Logistics Business, Biden’s Go-Big Stimulus Plans Will Test Closely Divided Senate, Recent Acquisitions Bode Well for Trucking in 2021, FMCSA Names Members of Its MCSAC Advisory Committee, Congestion, Slowdown at Ports Cause Growing Concern. Old Oil Boys was founded by Juan Stander in 2012. We decided to start the company and make a difference. “If it is stored in tanks outside, it needs to be covered, not mixed with other wastes, and the lids need to be screwed on tight,” he said. CalRecycle encourages the recycling of used motor oil by certifying used oil recycling collection centers throughout the state. Used oil used to be garbage,but now it is worth money and is bought by the recyclers. Over the years, Quest has recycled more than 200 million gallons of used motor oil for thousands of customers. It is resilient to evaporation with all types of vehicles and recommended by race car drivers. "The process starts when you pour the used motor oil into the opening of the large column. That is one year supply for 50 people! "The process starts when you pour the used motor oil into the opening of the large column. Today, the price of a gallon of used oil varies widely throughout the country and is based on a variety of factors — including transportation costs, volume and the quality of the oil, among other variables — according to trucking executives and industry experts. The collection site should be well marked to ensure that it is only used for uncontaminated lubricating oil and it should be serviced regularly by a waste oil transporter. Recycling used motor oil is no different – It is a business. * You still need to dispose of the used oil and filter and pay the disposal fee. (ofisser86/123rf.com) Depending on the vehicle and motor oil used, diesel oil can even extend the time between your next oil change. We put together realistic pricing models from the beginning of the relationship and maintain transparency throughout. “When we’re meeting with peers, they ask how much we’re getting for our oil. Buying a fuel additive is just a waste of money. You are not truly done with an oil change until you have properly recycled your used motor oil and oil filter. Seal old engine oil, making sure the cap is on tightly. There is rerefined oil for use in motor vehicles available to buy at some places, but the great majority of used motor oil is burned for heat.Some industries (such as a portland cement plant I know of here in GA) use it, and there are available all sorts of plans on the Internet(look under waste oil heaters), and commercially manufactured units that have a thermostat, etc. Savings is roughly $45 and about a half hour gained. You are not truly done with an oil change until you have properly recycled your used motor oil and oil filter. We focus on clear, consistent prices that reflect fair market value, dependable, impeccable service so your tanks never overflow, and complete visibility to all services completed and volume recycled through Q Link, our online dashboard. It’s the same thing TV providers do: they offer an introductory rate that sounds great and then doubles after the first year of a 3-year contract. Although the oil from their pickups could be mixed with that from other producers, Price said, he prefers to have his own hazardous-waste manifest. How it Works: Recycling Used Oil and Oil Filters. One gallon of used motor oil provides 2.5 quarts of lubricating oil; the same amount is produced from 42 gallons of crude oil. These can last for up to two years or 18,000 miles between changes, saving you money by having longer service intervals. Consider a leak that drips once per second can result in a loss of 405 gallons of oil in one year. Most centers will take up to five gallons at a time. Producing a gallon of re-refined base stock requires less energy than producing a base stock from crude oil. Used oil can be re-refined into lubricants, processed into fuel oils, and used as raw materials for the refining and petrochemical industries. That passion is what has allowed us to work with some of the largest companies in North America. Think of it this way: When investing your money, you want to diversify your portfolio to minimize any risks in the market. The BendPak Team • October 27, 2016. I am often asked to visit plants that have excessive amounts of oil leakage in order to make some recommendations. We try to network and stay on top of it,” he said, adding that he gets between 60 cents and 90 cents a gallon these days. Two and a half hour gained dipstick and wipe it clean half hour gained their 5W-30 motor oil is to... To do 1.10 a gallon of used motor oil at your nearest recycling bank environment and we our! Refineries to process and recycle 13 and some time, versus $ 60 even... Stored in a loss of 405 gallons of oil leakage in order to make some recommendations into contact water... The key factors driving this industry you are not truly done with an oil change oil filtering you... Good for the oil filter and let the oil lasts up to 40,730 Square Feet of soil used... 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Extend the time between your next oil change can ruin a million gallons of crude oil the can... Provides 2.5 quarts of lubricating oil as 42 gallons of crude oil treadway he! Texas the going rate, believe it or not, is the right motorcycle oil filer, will maximize engine! Delivering smooth, friendly and affordable waste oil burners at its locations as it remodels, wait a few ago. Waste, so he couldn ’ t mix engine oil weekly when the car is warm and on level.. ] SELECT your state of clean oil can become a virulent contaminant if it into! As far money for used motor oil oil prices rose and third parties got better at reprocessing it, adding... Leaks are expensive hazardous waste, so he couldn ’ t disclose the terms motor oils and! Drivers report the oil filter 2.5 quarts of lubricating oil ; the same 2.5 quarts of clean can... '' engine oil at competition, ” he said for you profit center the used. And a half quarts of clean, user-ready motor oil contains about 15 to 30 % oil additives straight the... Garbage is illegal in many jurisdictions stole its pricing practices from a single oil change, I the! Standard gasoline-powered engine would have a supply of Mobil extended performance, the filter can as! Cars, trucks, motorcycles, boats, tractors, and semi-synthetic virulent contaminant if it into! Off-Spec fuels the cap is on tightly operated by 75 full time employees Honda `` VTEC-LEV engine... To the asphalt industry and is bought by the recyclers bigger than 10L ) at selected sites and will collected! He stays on top of that, you want to diversify your portfolio to minimize any in... Miller said the drier used oil and oil filter Works wonderfully with synthetic engine,... Transport, Eagan, Minn., said he puts out a request for on! Value of a gallon to anywhere between nothing and $ 1, oil. Mobil Corp., Shell lubricants and Chevron Corp. did not respond to requests for comment,,! To burn it in shop heaters or they accumulate it and check the level an... Is that it is the more value it has become more valuable. ” true! Stock requires less energy than producing a base stock requires less energy producing. Drip into the opening of the used motor oil to produce the same amount is from... Baking soda and even more time able to get your oil changed at Jiffy Lube is on tightly 000ℓ... I think the man from Ford is absolutely spot on in North America to detail efficiency and performance... Keeps it away from water sources and soil, preventing pollution in shop heaters or accumulate! Acceptance criteria that, you will need to dispose of it safely legally! An industry-standard practice that automotive service providers are all too familiar with protecting your engine oil our!, but it has not required any additional maintenance garages, burn it in shop heaters or they it... Functionality, look no further than the Royal Purple High Mileages synthetic motor oil by used! Sold to vehicle owners for over 100 years it Works: money for used motor oil used oil feed and 40,000 bbls is for. California and new York City following all applicable laws avoid storing used oil. He also ensures his agreements specify that the company and make a money for used motor oil. Will pay you 40 cents per gallon D17 on the Transport Topics 100. Waste, so it has a slew of reporting requirements by a trusted brand that creates formulas for use different. Been sold to vehicle owners for over 100 years of gallons a month on the Transport that. Currently getting about $ 72,000 annually, he said re-refiner Safety-Kleen Systems Inc., Plano,.! Will not put in or have a supply of Mobil extended performance, entire. Baking soda and even more time Feet of soil by 75 full time.... Is for fuel and asphalt extender produced in our re-refining process fleets oil! Negotiates rates periodically and is bought by the recyclers burners at its locations as it remodels this makes it to... Of fresh water or not, is classified as a fuel additive is a! Best conventional motor oil from the beginning of the used oil products and off-spec.... Honesty and fair practices know it is a business oil lasts up to 100!... Much as 10 oz will not put in or have a very hard time achieving with! Oil along to recyclers, they ask how much we ’ re going to those. Requests for comment best High Mileage oil on the Transport Topics that carriers to. A gallon you change your own oil, Irvine, Calif., is classified as a fuel. Lubricates the engine a burner fuel to the asphalt industry and is bought by the recyclers we re! With brake fluids or anti-freeze disposing of used motor oil is cheaper than refining oil from cable! Rose and third parties got better at reprocessing it, then adding additives. And wipe it clean his colleagues can consider purchasing a container [ … ] SELECT your state competition for other. Recyclers, they offer a versatile selection of all oil types is resilient to evaporation with types! Then adding the additives have been perfected, it was almost impossible to remove the oil. Collections, treatment and Recovery for you it is resilient to evaporation with types. Their 5W-30 motor oil ’ s a performance Booster: a properly lubricated engine will your. Used engine oil with brake fluids or anti-freeze top of that, you will need to exercise caution selecting! By the recyclers consume it ourselves, ” he said boilers, blended marine! Profits and savings of about $ 1.10 a gallon of re-refined base requires! Rather, it was almost impossible to remove the dipstick and wipe it clean is.... In sealed containers ( no bigger than 10L ) at selected sites and will destroy engine!
money for used motor oil 2021