Gas is a notoriously low-margin business, but retailers can make money from selling huge volumes of gas – even while charging much less than independent gas stations, said Kloza, adding that it’s not unusual for sales at a Costco location to reach up to 1 million gallons a month compared to an average of 80,000 gallons a month at typical gas stations.ĭespite their big-brand names, the vast majority of Exxon, Chevron, BP and Shell gas statons are independently owned, so they aren’t able to make a volume play like wholesalers do. (WMT), which owns Sam’s Club, does not disclose what portion of its sales come from gas. Gas makes up around 10%, $20 billion annually, of Costco’s overall sales and 9% of BJ’s. (And why not buy a flat-screen TV or a new couch while you’re at it?) Their gas stations give these warehouse stores an advantage that many retail competitors can’t match. (BJ) want you to fill up your tank in their parking lots and then go stock up on giant jugs of ketchup, boxes of snacks and clothing. These companies are “winners when gasoline prices go skyward,” said Kloza. How to find lower prices and avoid empty shelves during the holiday shopping rushĬostco, for example, is typically 20 cents a gallon below the market average, according to Tom Kloza, the global head of energy analysis at IHS Markit’s Oil Price Information Service. “It’s US consumers’ nature to go out of their way for lower gas prices.”Ī family shops for toys at a Target store on Octoin Houston, Texas. “People are seeking out the clubs because of the gas,” said Michael Baker, a retail analyst at D.A. Gasoline sales at the warehouse clubs are an important part of their business and draw customers inside. Gas prices at warehouse clubs can be as much as 30 cents lower than traditional gas stations, and the chains offer members coupons to use in their stores when they fill up. The spike has pushed more shoppers to rely on these chains to fill up their tanks, say the companies, retail analysts, and fuel experts. The Biden administration has called for an investigation into whether oil and gas companies acted illegally to push up prices. The national gas price average jumped to $3.41 a gallon Friday, according to AAA, 61% higher than the average at the same time last year. That plays right into the hands of Costco, BJ’s Wholesale Club and Sam’s Club. Then, enter your pump number, select the card you'd like to pay with and you can start pumping gas with the discount.Gas prices are skyrocketing, and Americans want to save at the pump. Open the app when you arrive at a Mobil or Exxon station, and the app will automatically recognize you're at a participating gas station. To save at the pump with your Walmart+ membership, download the latest version of the Walmart app and enable location services. Whether you're squeezing in one last summer road trip, headed back to school or just in the car more as we head into fall, this extra savings on gas comes at a perfect time. This savings is on top of the standard 10 cents off Walmart+ members get at these gas stations, giving members a total savings of 20 cents per gallon. Now through September 15, Walmart+ members can save an additional 10 cents per gallon at around 12,000 Exxon and Mobil gas stations. Save up to 20 cents per gallon with your Walmart+ membership Here's how to take advantage of the gas savings available through your Walmart+ membership. This comes at a good time, given nationwide gas prices are averaging $3.87 per gallon, according to AAA. Now through September 15, Walmart+ members can get an additional 10 cents off each gallon of gas at participating Exxon and Mobil gas stations nationwide for a total savings of 20 cents per gallon. That means Amex Platinum cardholders can take advantage of these savings without any extra out-of-pocket cost. And for those who hit the road regularly, the 10 cents off per gallon gas at over 14,000 Exxon, Mobil, Walmart and Murphy gas stations nationwide is just icing on the savings cake.Įven better, if you have The Platinum Card® from American Express, your Walmart+ membership fee is fully covered with a monthly statement credit. For many of us, free grocery delivery, shipping with no minimum, returns from home and a Paramount+ subscription make the Walmart+ $12.95 monthly membership fee more than worth paying.
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