Costco gas is famously a loss leader, typically running 15 to 20 cents below surrounding stations.
Is this true? I always assumed that Costco just had better deals/longer horizon commitments so it could undercut local stations. Maybe they even own a refinery just to maintain the best margin.
They are selling 10000 gallons a day at some locations, so I find it hard to believe.
More like they don’t have a need to make a profit and they run the station in a barebones manner on real estate that they get as part of the larger site. So it would be a loss leader for anyone else.
I started screenshotting my local Costco warehouse gas prices weekly since the week prior to Trump's inauguration, mostly so my Trump supporting brother inlaw couldn't just spew his Fox brainwashing on me without me hitting back with this data.
I've been tracking every fuel purchase I've made for 12 years now across 5 or 6 different cars. Not sure what I'll ever do with that information, but I suppose it may come in handy for a political argument.
I don't live at Costco so it's going to be 30 minutes just back and forth. My Costco does have quieter times, but then I have to plan around it. It never made the slightest bit of sense to make a separate trip for $5.
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