Here's how we're coping with high gas prices, according to Costco and Walmart
Consumers are increasingly turning to Costco and Walmart for cheaper gas amid rising prices. Many drivers are filling up more frequently but with smaller amounts due to financial concerns. The average U.S. gas price has surged significantly, prompting changes in consumer behavior and spending habits.
- ▪Costco has reported record fuel sales as drivers seek discounted gas.
- ▪Many customers are now filling up with fewer than ten gallons at a time.
- ▪Spending at gas stations surged 21% in April compared to last year.
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Business Here's how we're coping with high gas prices, according to Costco and Walmart May 29, 202612:57 PM ET Alina Selyukh Drivers fuel up at a Costco gas station in Roseville, Mich. Paul Sancya/AP hide caption toggle caption Paul Sancya/AP Stay up to date with our Up First newsletter sent every weekday morning. In the hunt for cheaper gas, people are going out of their way for discounted fuel at Costco and Walmart — many of them visiting for the first time. Drivers also are now filling up more often, but topping up with fewer gallons at a time. As the U.S. war in Iran continues to drive up gas prices, Costco's gas stations have been selling record amounts of fuel, executives told investors on a call Thursday.
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