Costco hikes motor oil prices and puts limits on how much members can buy
Costco is limiting sales of its house brand motor oil to two units per customer per week amid rising oil prices.
TL;DR
- Costco is limiting motor oil purchases to two units per membership per week.
- The price of Kirkland Signature full synthetic motor oil has risen to $57.99, up from around $30.
- Sales of Mobil 1 motor oil are also limited on Costco's website.
- Rising oil prices are attributed to ongoing conflict in the Middle East, including drone attacks on Saudi Arabia's East-West oil pipeline.
- Refineries are prioritizing gasoline and diesel production due to short supply, further limiting motor oil availability.
- Gas and diesel prices have also increased in the U.S., hitting record highs.