Costco raises price for Kirkland motor oil, sets purchase limit
The retailer raised Kirkland Signature synthetic oil to about $58 and capped sales at two units a week as crude prices climbed, according to reports.
- 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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52 Articles
The retail chain announced that the two-quarter package of fully synthetic engine oil Kirkland Signature will cost $58
The Tennessean
Costco's motor oil costs over $20 more than last year. Here's why
Here's why Costco Wholesale increased the price of its motor oil products.
The American trade network Costco imposed restrictions on the purchase of Kirkland Signature motor oil against the background of a global shortage of raw materials for its production. Buyers were allowed to purchase no more than two packages in seven days, with the price of oil almost doubled. New York Post writes that the network has a set of two pairs of synthetic oil of 0W-20 and 5W-20, with a total volume of 10 quarts (about 9.46 litres) wor…
Costco raises price for Kirkland motor oil, sets purchase limit – WTOP 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 do their own oil changes may consider this yet another...
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