Gas prices are soaring—here’s how save on gas with a Costco membership (2024)

Gas prices are soaring—here’s how save on gas with a Costco membership (1)

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Whether you’re meal prepping for the week ahead, buying toiletries in bulk or looking for a great deal on a TV, there are plenty of reasons to shop at Costco—and right now, there's an even more compelling one: Cheap gas. The membership-only big box retailer has long been coveted for its massive inventory of groceries, home goods, clothing, personal care itemsand more. It basically has anything else you could ever need to survive a zombie apocalypse—or at least keep a well-stocked pantry, fridge and linen closet). It's also consistently one of the cheapest places to buy gas around, so if you're feeling the pinch at the pump as prices soar, you'll want to check this out.

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Boasting more than 113 million members over 62 million households, Costco operates 828 stores—or warehouses, as they're called—across 14 countries including the U.S., Canada, Japan, Spain, Iceland and France. Unlike a standard grocery or department store, you need a membership to shop there (and even just to get through the front door!). Costco keeps a highly curated 4,000 SKUs in inventory, which it's able to sell at wholesale prices.

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If you're interested in shopping at Costco, here’s how a Costco membership works, including how much it costs and whether or not it's worth it for you and your family.

How much is a Costco membership?

Gas prices are soaring—here’s how save on gas with a Costco membership (2)

There are two types of Costco membership: the Gold Star membership and the Executive membership. The Gold Star membershipcosts $60 per year andincludes two cards—one for you and one for someone else in your household—thatgrant you access to all locations worldwide along with Costco online.

The Executive membership costs $120 and similarly includes two cards and access to all locations around the world and online. However, you also get an additional 2% savings on all qualifying purchases (with a maximum total of $1,000 in savings per year), along with savings on vacations booked through Costco Travel.

What can you buy at Costco?

Gas prices are soaring—here’s how save on gas with a Costco membership (3)

The better question is what can’tyou buy at Costco? The retailer offers a wide variety of products. In the grocery section, you'll find produce, fresh bakery goods,shelf-stable pantry items—like granola bars, snacks, spices and coffee—and frozen foods. The rest of the store is a haven ofapparel, name-brand electronics, furniture, cleaning supplies, beauty items, office supplies, plants, sporting goods, fitness equipment, pharmacy staples, bedding and a whole lot more (even caskets).

Keep in mind that the in-store and online shopping experience at Costco may drastically differ—the inventory is usually far greater online than it is in store, but it’ll be cheaper to shop in store thanks to shipping fees.

What are the main benefits of Costco?

Depending on where you live, there are a few key perks to a Costco membership.

Costco gasoline

With gas prices skyrocketing, the draw of Costco gasoline might be a big sell for getting a membership. At the self-serve gas stations—which are located next to the Costco warehouses—you can fuel up with Kirkland Signature gas and diesel for lower prices than you'd pay at other pumps.

Same-day delivery

In most metropolitan areas, you can take advantage of same-day delivery powered by Instacart for purchases of $35 or more.

Concierge services

If you purchase electronics—like a TV, camera, printer or laptop—at Costco, you can take advantage of free concierge services to help set up and operate your new buy.

Free samples

Free samples have long been the cherry on top of shopping at Costco. The in-store shopping experience also includes demos of electronics. Plus, while not free, you cangrab super cheap hot dogs, pizza and other goodies from the Costco food court.

Haul Away

Instead of having to move and discard bulk items like appliances and mattresses yourself, use Costco’s Haul Awayservice, which is available in select locations. Upon delivering your new item, the delivery team will remove your bulk item and recycle it.

Credit card savings

The Costco Anywhere Visa Card by Citi, which doubles as a membership ID, offers 4%back on eligible gas purchases, 3% back on eligible restaurant and travel purchases and2% back on all in-store and online purchases.

Is a Costco membership worth it?

Gas prices are soaring—here’s how save on gas with a Costco membership (4)

The brand claims that the $60 fee for the Gold Star membership ends up paying for itselfif you shop at Costco frequently. Of course, this all depends on how much you buy and how often. If you're someone who likes to buy in bulk or who is shopping for a household, a Costco membership is a no-brainer. It's a great way to stock up on things you need—like a 12-pack of deodorant, 30 rolls of toilet paper and a 288-pound tub of macaroni and cheese—and spend a lot less than you would at a traditional grocery store or similar retailer like Target.

Sign up for a Costco membership starting at $60/year.

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Prices were accurate at the time this article was published but may change over time.

Gas prices are soaring—here’s how save on gas with a Costco membership (2024)

FAQs

Is it worth getting Costco membership just for gas? ›

Regardless though, AAA estimates that most Americans will fill up their tank anywhere between 45 and 55 times a year on average. So, yes, we can VERIFY that it is worth getting a wholesale membership to save on gas prices.

How much does a Costco membership save you on gas? ›

If you're able to save $0.17 on 14.5 gallons of gas, each fill-up at Costco saves you around $2.47 compared with getting gas elsewhere. If you're looking to cover your membership fee with gas alone, you'd need to get gas at Costco between 24 and 25 times per year. If you go around twice a month, you'll easily do that.

What are the benefits of buying gas at Costco? ›

Buying gas at Costco can save you money -- typical savings are around $0.20 per gallon. It makes stopping at the warehouse club more convenient -- you can buy groceries and fuel up your car. The higher quality of Costco gas could help your vehicle run more smoothly.

Does Costco give a discount on gas? ›

Costco Gas Stations offer consistently low, member-exclusive prices. With the Costco app, you can check Costco gas prices on your phone.

Do you get 2 cash back on Costco gas with an executive membership? ›

Gas purchases, for example, do not earn you cash back as an Executive member. Neither do cigarette purchases or alcoholic beverage purchases in certain states. Additionally, Costco Shop Cards (Costco's version of a gift card) won't be eligible for cash back, and neither will postage stamps.

How to get a free Costco membership? ›

Costco doesn't offer free or discounted memberships, but rest assured that the cost of membership can be recovered quickly thanks to massive price savings once you start shopping.

Why is gas so much cheaper at Costco? ›

What's more, membership sales make up 75% of the store's profit. Costco, for instance, is banks on customers signing up for a membership card to get cheap gas. Then, once consumers have the membership, they are likely to look for ways to save money on everything from groceries to electronics.

Does Costco give 4 back on gas? ›

Costco Anywhere Visa Card by Citi Cash Back Rewards

Earn cash back rewards on purchases wherever Visa® is accepted. You'll get 4% back on eligible gasoline purchases for the first $7,000 per year and then 1% thereafter. You'll also earn 3% on restaurants and eligible travel purchases, including Costco Travel.

Does Costco make money from gas? ›

The short answer is that unlike pretty much every other retail business that sells gasoline, Costco doesn't care about making money from its gas pumps. In fact, Costco typically sells its gas at a moderate loss. Why would Costco do this? It's not an act of charity.

What is the best day to buy gas at Costco? ›

Gas stations can get busy (avoid weekends)

Avoid weekend fill-ups if you can. Buying gas on a weekend could be a nightmare, as waiting times could take hours. To avoid this, the best time to get gas at Costco is on weekdays between 10-11 in the morning.

Is Costco Premium gas 91 or 93? ›

Gasoline ​octane can vary by state, but at Costco, it's typically 87 octane for Regular and 91 octane for Premium Gasoline.

Why do people prefer Costco gas? ›

It's good for your car

The fact that gas is cheaper at Costco doesn't mean it's lower in quality. The company offers Kirkland Signature gasoline, which is formulated to improve vehicle performance and fuel economy. Costco says the gas also reduces emissions, making it better for the environment.

Is it worth getting a Costco membership just for gas? ›

Most recently I saved 38 cents a gallon at Costco compared to the other gas stations in the area. That adds up to me saving a few hundred dollars a year on gas by choosing Costco. Sometimes the lines to get gas at Costco are long, but I can see why. Fortunately, I find they usually move pretty fast.

Can I use someone else's Costco card for gas? ›

Don't try to use someone else's membership card

Your membership card is a special thing. Each card is "not transferable," per Costco's rules, meaning that only you can use it.

How much do you need to spend at Costco to make a membership worth it? ›

The main information you'll need to determine if the Executive membership is worth it is how much money you spend at Costco each year. Calculating if the $130 Executive Membership is worth the upcharge is simple. Because you get 2%, you'll need to spend $3,250 to receive $65 in cash back.

Is it cost effective to have a Costco membership? ›

Costco Membership

Buying in bulk can provide consumers with significant savings when compared to buying consumer items in traditional retail stores. Bulk purchases are particularly beneficial to large households.

Is Costco fuel just for members? ›

Can anyone buy fuel at a Costco Fuel Station? The Fuel Station is open to Costco members only. For more information on Costco membership, please visit our Membership page or call 01923 830477 (Terms and conditions apply - Membership is available to qualifying individuals aged 18 years and over).

Is Costco gas cheaper with Costco credit card? ›

Here's what qualified cardmembers can expect on eligible purchases: 4% on eligible gas and EV charging for the first $7,000 per year and then 1% thereafter. 3% on restaurants and eligible travel. 2% on all other purchases from Costco and Costco.com.

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