Costco's Gas Stations: Smart Move Amid Rising Prices

0:00It's March 28th. Welcome to Durham News today, powered by AI. I'm Cory with the story. Gas prices are climbing fast across the country thanks to the ongoing war in Iran hitting four weeks now. The national average for regular gasoline jumped 10 cents just last week and a full dollar over the past month, according to AAA data. With crude oil staying high and spring break travel boosting demand, we could see $4 a gallon any day now, the first time since August. 2020-22. Meanwhile, spots like Costco are stepping up as a real relief valve for drivers feeling the pinch. Their gas stations consistently undercut local prices by about 20 cents a gallon, making folks stink twice about skipping the trip even if it's not right next door. That savings adds up quick for everyday people. Turning gas runs into a smart play that pays off the $65 annual membership fee in no time. Fill up 325 gallons a year and you're basically getting the membership for free through fuel

1:02alone. Plus whatever you grab. Inside the warehouse, Costco's betting big on this, rolling out their first stand-alone U.S. gas station in Mission B.A. Hill, California by the end of June with another plan for Honolulu in 2027. These spots aim to ease lines at stores and pull in new members without dragging traffic away from shopping. Just like retail pros say it's a sharp move, especially as prices keep rising. Shoppers get more price savvy and flock to deals like Costco's. Locking in loyalty and growing that profitable membership base for the long haul.