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Costco's gas stations see record demand, boosting Q3 sales amid rising fuel prices.

Market News
29 May 2026
New York Post
View Source
Bullish
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Costco experienced a surge in demand at its gas stations during the third quarter, driven by consumers seeking low-priced gasoline amid rising fuel costs and economic uncertainty. CEO Ron Vachris highlighted record-breaking gas sales volumes, with multiple weeks setting new company records. This increased demand helped Costco exceed market expectations for Q3 sales and attracted new members, who tend to spend more in stores. The company managed frequent daily deliveries to keep up with demand, benefiting from a price gap with higher-cost competitors during a period of global oil supply constraints and rising gas prices above $4 per gallon in the U.S.

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