The higher gas prices go, the more the math on a Costco membership starts to make sense
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The higher gas prices go, the more the math on a Costco membership starts to make sense
"The wholesale club typically sells gas about $0.20 per gallon less than nearby stations, but that advantage can be greater in areas with relatively high gas prices. For example, on Friday in Atlanta, the Costco warehouse on Brookhaven Avenue had gas at $3.26 per gallon, which was $0.14 below the county averages reported by GasBuddy and AAA."
"Last month, Business Insider found that in each of 13 US metro areas, drivers who bought 600 gallons of gas a year at Costco saved at least as much on fuel costs as the $65 annual membership fee. In some cases, the savings far exceeded the fee."
"In Los Angeles - home to some of the nation's highest gas prices - the Alhambra Costco had gas at $4.99, $0.47 below the county average. Heading into what could be an extended period of gas price volatility, US drivers may be rethinking how and where they spend their money."
US gas prices exceeded $3.60 per gallon this week due to supply disruptions from Trump's conflict with Iran. Costco offers significant savings on fuel, typically selling gas $0.20 per gallon cheaper than nearby stations, with larger advantages in high-price areas. In Atlanta, Costco's price was $0.14 below county average; in St. Louis, $0.27 below; and in Los Angeles, $0.47 below. Analysis shows drivers purchasing 600 gallons annually at Costco save at least $65, covering membership fees with substantial additional savings. During periods of gas price volatility, membership clubs like Costco and Sam's Club provide relief for household budgets.
Read at Business Insider
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