Ultrasonic lubrication has been proven effective in reducing dynamic friction. This paper investigates the relationship between friction reduction, power consumption, linear velocity, and normal stress. A modified pin-on-disc tribometer was adopted as the experimental set-up, and a Labview system was utilized for signal generation and data acquisition. Friction reduction was quantified for 0.21 to 5.31 W of electric power, 50 to 200 mm/s of linear velocity, and 23 to 70 MPa of normal stress. Friction reduction near 100% can be achieved under certain conditions. Lower linear velocity and higher electric power result in greater friction reduction, while normal stress has little effect on friction reduction. Contour plots of friction reduction, power consumption, linear velocity, and normal stress were created. An efficiency coefficient was proposed to calculate power requirements for a certain friction reduction or reduced friction for a given electric power.