Costco Raises Motor Oil Prices Amid Ongoing Middle East Tension

Costco has increased the price of its Kirkland Signature full-synthetic motor oil from approximately $30 to around $58 per two-pack, a significant jump in just one year.

The wholesale club operator is also limiting purchases of this product to two boxes per week. Additionally, Costco is capping purchases of Mobil 1's full-synthetic motor oil at five six-packs per membership.

This price hike follows a rise in crude oil prices due to ongoing tension in the Middle East, where Saudi Arabia's main oil pipeline will be out of service for weeks after an attack last week. The Brent crude price has surged above $109 per barrel, contributing to higher gas and diesel prices across the US.