"One of Costco's biggest ways to save doesn't involve setting foot inside a warehouse. The wholesale club has been selling gasoline since 1995, and many US warehouses now have pumps for members to top up. The company is even set to open its first-ever stand-alone gas station in California this year. The savings make gasoline one of the biggest ways shoppers say their annual membership fee basically pays for itself."
"First, we asked fuel market analyst Patrick DeHaan at GasBuddy, an app that finds deals, how many gallons the typical American driver buys in a year. He said 600, which works out to roughly 40 purchases of 15 gallons each. We then identified 12 Costco warehouses in metro areas that cover the continental US and compared their gas station prices to GasBuddy's average price for those local markets on the same day."
Costco has sold gasoline since 1995 and many US warehouses include fuel pumps, with a stand-alone gas station planned in California. Gas price savings at Costco commonly make the $65 annual membership fee self-funding for frequent buyers. Analysts estimated a typical American driver purchases about 600 gallons per year (roughly 40 purchases of 15 gallons). A comparison of gas prices at 12 metropolitan Costco locations to local GasBuddy averages found Costco's price advantage on January 21 ranged from $0.16 to $0.95 per gallon. That per-gallon advantage multiplied by annual gallons produced a payback score measuring membership offset.
Read at Business Insider
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