New York Post
30 May 2026, 00:35 UTC · 1h ago
Source · https://nypost.com/2026/05/29/business/costco-says-its-gas-stations-set-all-time-volume-records-as-consumers-seek-lower-priced-fuel/
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The closure of the Strait of Hormuz and war in Iran have pushed crude oil prices above $100 a barrel and national gas averages to $4.39. — Significant oil supply shocks and high energy prices are primary drivers of global inflation and economic headwinds.
-0.90Costco's gas stations achieved all-time volume records in the third quarter, helping the company exceed sales expectations. — Strong volume growth and sales beats are positive for Costco's short-term stock performance.
+0.40Increased gas station traffic is attracting new members and driving higher overall warehouse spending. — Synergistic growth between gas and warehouse sales suggests a long-term increase in customer lifetime value.
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CEO Ron Vachris cited ongoing macro uncertainty and consumer price sensitivity as the primary drivers for the surge in low-cost fuel demand. — Confirms a weakening consumer environment where shoppers are aggressively seeking discounts to manage budgets.
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The company achieved all-time volume records at its gas stations and exceeded third-quarter sales expectations.
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