Why Costco keeps gas prices so low—it's 'straight out of the retail playbook,' expert says
Gas prices are rising again following a sharp escalation of the war in Iran. And as Americans look for ways to save money at the pump, many are turning to Costco's gas stations for cheaper fuel.Demand for Costco's gasoline reached record levels during the quarter ended May 10, though the company didn't disclose sales figures in its fiscal third-quarter earnings call. The goal isn't just to undercut other gas stations on price.
- ▪Gas prices are rising again following a sharp escalation of the war in Iran.
- ▪And as Americans look for ways to save money at the pump, many are turning to Costco's gas stations for cheaper fuel.Demand for Costco's gasoline reached record levels during the quarter ended May 10, though the company didn't disclose sale
- ▪The goal isn't just to undercut other gas stations on price.
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Gas prices are rising again following a sharp escalation of the war in Iran. And as Americans look for ways to save money at the pump, many are turning to Costco's gas stations for cheaper fuel.Demand for Costco's gasoline reached record levels during the quarter ended May 10, though the company didn't disclose sales figures in its fiscal third-quarter earnings call. Several warehouses needed multiple fuel deliveries each day to keep up with demand, and the final five weeks of the quarter were Costco's busiest fuel-volume weeks ever, CEO Ron Vachris said on the call."We've seen really strong demand for Costco gas," says Mike Baker, managing director and head of consumer research at D.A. Davidson. While gasoline consumption across the U.S.
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