The sales of petroleum lubricating oils and greases made in a refinery in the US are forecasted to decline steadily from $3.1312 billion in 2024 to $2.8795 billion in 2028. This represents a year-on-year decrease, with notable declines each year pointing to a gradual reduction in demand or production capacity. The compound annual growth rate (CAGR) over this five-year period highlights an average yearly reduction in sales.

Future trends to watch for include:

The impact of alternative energy sources and electric vehicles on lubricating oil demand.
Technological advancements in lubrication technology possibly affecting production efficiencies.
Potential shifts in regulations that could either support or hinder refinery operations.