"Costco operates roughly 550 gas stations across the U.S., giving members plenty of opportunities to take advantage. Gas isn't a small line item for the retailer, either. Costco reports that fuel accounts for about 10 percent of total net sales, a steady revenue stream that helps the company keep prices lower."
"When gas prices soar, Costco often drops its margins and lowers pump prices by $0.30 to $0.40 per gallon. When the market settles, Costco still undercuts competitors, typically by $0.05-$0.15 per gallon."
"As of March 16, the national average sits around $3.70 per gallon, according to AAA, a price that's been inching upward for weeks. Across the U.S., gas costs are significantly higher than in previous years, driven in part by Israeli attacks on Iran and broader instability in oil markets."
Costco's fuel program has become a key way for consumers to save on gas as prices rise due to geopolitical tensions. Gas prices at Costco are generally $0.05 to $0.40 lower than local competitors, providing essential savings. Membership options, including Gold Star, Business, and Executive memberships, grant access to these lower prices. Fuel sales contribute about 10 percent to Costco's total net sales, allowing the retailer to maintain competitive pricing. As of March 16, the national average gas price is around $3.70 per gallon, influenced by instability in oil markets.
Read at Fast Company
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