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.

►Deals on gas:Sam's Club memberships are virtually free right now—save on gas, appliances, pantry staples and more

►Gas prices:Gas prices top $4 a gallon nationwide, all-time record could be broken this week

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? ›

Even if you're not a Costco shopper, the savings on gasoline alone can make the price of a $60 membership worthwhile.

What is the benefit of getting gas at Costco? ›

Costco gas is higher quality than many competitors

In fact, the quality of Costco's gas is another big reason why you should fuel up at the warehouse club. Kirkland Signature Gasoline is TOP TIER™ certified, which means it meets stringent performance standards.

Does Costco gas pay for itself? ›

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.

How do I pump gas with my Costco membership card? ›

Pull up to a pump and make sure your vehicle is parked in a position where you can easily access the gas tank. Insert your membership card or scan your digital ID on the Costco app. Remove your gas cap twist it counterclockwise to open it. Some vehicles have a lever inside the car to pop the gas cap open.

Why does everyone go to Costco for gas? ›

Quality gas is important, yes, but so is price. Costco Gas Stations offer consistently low, member-exclusive prices. With the Costco app, you can check Costco gas prices on your phone. On the app, find your local warehouse to see hours of operation, gas prices and more warehouse details.

Why is gas so much cheaper at Costco? ›

So why is it so much cheaper than the competition? 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.

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

An executive membership at Costco costs $120 per year, which is twice as much as a basic membership. The primary benefit of the executive membership is scoring 2% back on Costco purchases. Certain purchases don't qualify for cash back, including gas, stamps, and vehicles.

Which gas is better, Costco or Sam's Club? ›

While both Costco and Sam's Club offer unleaded, premium, and diesel fuels (here's how to know which you should be getting), only Costco offers Top Tier fuel. If you don't have a Costco membership, you can still find Top Tier gas at other stations. “Yes, Top Tier gas is worth the extra money,” CarFax reported.

What is the gas rebate on the Costco card? ›

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.

How much do people save on gas from Costco? ›

Saving $0.28 per gallon on 417 gallons equals a total savings of $116.76. A basic Costco membership currently costs $60 a year ($65 starting in September), so the gas savings alone could be worth it if you happen to live in a pricier area.

What are the best times to go to Costco gas? ›

Weekends are the busiest, so avoid those days. Drive in between 10 am and noon on a weekday for shorter waiting times in line. Most people tend to pull up during their lunch breaks and after work in the evening on weekdays. Traffic is one-way only at all Costco gas stations to keep it moving quickly.

Does gas count on Costco membership? ›

In the U.S., Rewards are not calculated: (i) on purchases of cigarettes or tobacco-related products, gasoline, Costco Cash Cards, postage stamps, alcoholic beverages in certain states (including Alabama, Connecticut, Georgia, Kentucky, Michigan, Ohio and Tennessee), and at food courts; (ii) on membership fees; (iii) on ...

Can my friend use my Costco card to get gas? ›

Q: Can anyone buy fuel at a Costco Gas Station? A: The fuel station is open to Costco members only.

What credit cards does Costco take at the gas pump? ›

U.S. Costco Gas Stations:
  • All Visa Cards.
  • The Costco Anywhere Visa® Card by Citi.
  • Most PIN-based Debit/ATM Cards.
  • Apple Pay.
  • Costco Shop Cards*
May 2, 2024

How do I use my Costco reward certificate for gas? ›

The Reward may be redeemed toward purchases of most merchandise through the front-end registers (not currently available at self-checkout) at Costco warehouses in the U.S. Reward certificates may not be used: (i) toward purchases that are not recorded through Costco's front-end registers, such as purchases at gas ...

How much do you save on gas with a Costco card? ›

Most reports seem to indicate that Costco gas tends to be about $0.20 less on average than traditional gas stations in the same area, although there are reports that estimate the savings at nearly double this amount. To be conservative with the analysis, we'll use $0.20 per gallon in savings.

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 getting a Costco membership worth it? ›

Families and couples may have an easier time benefitting from Costco's bulk prices. A membership may be worth it if you're single and cook a lot. You can also enjoy perks like exclusive travel packages, affordable electronics, and low-cost apparel.

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