Costco has raised the price of motor oil sold under its exclusive private-label brand as well as limited how much of it customers can buy weekly as oil prices climb yet again.
Americans looking to try to save some money by purchasing motor oil to do their own oil changes may consider this yet another blow to their wallets, as they are already contending with high grocery prices and inflation worries.
Costco’s Kirkland Signature full-synthetic motor oil 5-quart two pack now costs around $58, well above the approximately $30 it had been selling for just last year. Costco is also only allowing customers to purchase two boxes a week.
They learned from the pandemic, when the stores were emptied of paper products. It does Costco no good if they sell out of motor oil, the scalpers make the money and Costco is deserted.
That of course means that Costco strongly suspects prices will go up even further. Ouch.