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Costco raises price for Kirkland motor oil, sets purchase limit
The warehouse club raised Kirkland Signature full synthetic oil to $57.99 and set a two-unit limit as crude prices climbed above $108 a barrel, reports said.
- Costco raised the price of its Kirkland Signature full-synthetic motor oil 2-pack to around $58, nearly double last year's price, while imposing a weekly limit of 2 units per membership.
- According to Motor Biscuit, the retailer implemented these restrictions to counteract supply shortages and surging demand driven by the nearly 7-month Iran-U.S War and the blockade in the Strait.
- Synthetic motor oil production relies on Group III base oils; global crude prices climbed over $108 per barrel on Monday as Middle East conflicts squeeze supply chains.
- DIY enthusiasts face narrowed savings as Kirkland prices now approach professional service rates, while Walmart and Amazon have not introduced similar purchase caps.
- Analysts suggest the rationing aims to prevent stockpiling as supply volatility persists; it remains unclear if competitors will follow the Club operator by adjusting pricing.
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Costco raises price for Kirkland motor oil, sets purchase limit - Regional Media News
Costco has raised the price of motor oil sold under its exclusive private-label brand as well as limited how much of it customers can buy weekly as oil prices climb yet again. Americans looking to try to save some money by purchasing motor oil to [...]
Associated Press News+17 Reposted by 17 other sources
Costco raises price for Kirkland motor oil, sets purchase limit
Costco has raised the price of motor oil sold under its exclusive private-label brand as well as limited how much of it customers can buy weekly as oil prices climb yet again.
·New York, United States
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Coverage Details
Total News Sources26
Leaning Left10Leaning Right8Center4Last UpdatedBias Distribution46% Left
Bias Distribution
- 46% of the sources lean Left
46% Left
L 46%
C 18%
R 36%
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