Fox Business
29 May 2026, 17:37 UTC · 1h ago
Source · https://www.foxbusiness.com/markets/costco-says-its-gas-stations-set-all-time-volume-records-consumers-seek-lower-priced-fuel
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Closure of the Strait of Hormuz and conflict with Iran have pushed crude oil prices above $100 a barrel. — High energy prices are a major inflationary driver and a significant headwind for global economic growth and risk appetite.
-0.90U.S. national average regular gasoline prices have risen to $4.39 per gallon, a 38% increase year-over-year. — Higher pump prices reduce discretionary consumer spending and increase the risk of inflation remaining above the Fed's 2% target.
-0.70Costco achieved all-time record gas volume sales in the most recent quarter due to consumers seeking lower-priced fuel. — Demonstrates Costco's ability to capture market share and drive new membership loyalty during periods of macro uncertainty.
+0.40Ticker attribution
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6 related stories
The company reported record-breaking gas station volumes and sales that exceeded market expectations.
The CEO provided a positive outlook on the financial health of consumers.
The CEO views a specific market development as a 'tailwind' rather than a threat.
Jamie Dimon is mentioned regarding regulatory opinions, but there is no specific financial impact or sentiment for the firm.
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