Costco Hikes Motor Oil Prices Amid Ongoing Middle East Tensions

Costco has increased the price of its Kirkland Signature full-synthetic motor oil, a two-pack that previously sold for around $30 is now priced at approximately $58.

The wholesale club operator is also limiting purchases to two boxes per week, in an effort to manage supply and demand amidst rising oil prices.

Ongoing tensions in the Middle East have contributed to the increase in oil prices, with Brent crude reaching above $109 a barrel on Monday morning.