Costco Gas Sales Surge Amid Rising Prices, Record Demand Seen

Costco's gas stations experienced record demand during the quarter ending May 10, leading to multiple daily fuel deliveries at several warehouses. The company has seen double-digit growth in gallons sold, even as U.S. gasoline consumption remains flat due to rising prices. Costco consistently priced its fuel an average of 9 cents per gallon below its five largest local competitors and 24 cents below the state average from April 2025 to March 2026. This strategy encourages more frequent visits and higher membership renewals, making it a key focus for Costco (COST) and enhancing its overall business model.