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Why Costco won't cut gas prices as quickly as rivals
Key takeaways
- "Since May 21, the national average has dropped from $4.56 to $4.12 thanks to crude oil prices remaining below $100 per barrel," AAA reported.
- That's some needed relief for consumers heading into the heart of the summer driving season, but Costco members may not see prices fall as fast as they do at traditional gas stations, as well as Kroger and Walmart.
- The warehouse club does that on purpose, and while its prices may not fall quite as fast as with many other chains, that's part of a broader strategy to serve its members.
Why Costco won't cut gas prices as quickly as rivals Daniel Kline Tue, June 16, 2026 at 12:17 AM GMT+7 5 min read While gas prices remain over $4 a gallon, they have fallen for three straight weeks, and news on the potential end of the hostilities in Iran set the stage for further drops.
"Since May 21, the national average has dropped from $4.56 to $4.12 thanks to crude oil prices remaining below $100 per barrel," AAA reported.
That's some needed relief for consumers heading into the heart of the summer driving season, but Costco members may not see prices fall as fast as they do at traditional gas stations, as well as Kroger and Walmart.
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