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Commodities

Costco Hikes Motor Oil Prices Amid Rising Oil Costs

Guavy AI Editorial Team
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Oil
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Costco has raised the price of its Kirkland Signature full-synthetic motor oil 5-quart two pack to around $58, a significant increase from last year's price of approximately $30.

The wholesale club operator is also limiting purchases of this item to two boxes per week, as well as the Mobil 1's full-synthetic motor oil 1-quart six pack, which sells for about $44, to five per membership.

This move comes as oil prices continue to rise due to ongoing tension in the Middle East, with Brent crude oil reaching above $109 a barrel on Monday morning.

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