Costco Raises Motor Oil Price Amid Soaring Crude

Costco has raised the price of its exclusive Kirkland Signature full-synthetic motor oil to $58 for a two-pack, up from around $30 just last year. The wholesale club is also limiting purchases to two boxes per week.

The move comes as oil prices continue to climb due to ongoing tension in the Middle East. Brent crude has risen above $109 per barrel, with Saudi Arabia's key oil pipeline set to be out of commission for several weeks following an attack last week.

As a result, diesel and gasoline prices have also increased, with the average cost of regular gasoline reaching nearly $4.32 per gallon and diesel soaring past $6 per gallon on average.