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1 week ago

Costco says its gas stations set all-time volume records as consumers seek lower-priced fuel

Costco's gas stations saw a surge in demand in the most recent quarter as consumers sought out its low-priced gasoline, which helped the company top the market expectations for its third-quarter sales.Costco CEO Ron Vachris noted the "backdrop of ongoing macro uncertainty" has consumers searching out affordable options given the pressure on household budgets, which helped attract members to its gas stations."Nowhere has this been more apparent in the third quarter than our gas business. As events in the Middle East have had a significant impact on product supply and gas prices, our focus, as a...