Costco to Open Standalone Gas Stations After $6 Fuel Spurs 26% Sales Share
California gas at $6/gallon has driven shoppers to Costco’s 640+ US stations, boosting a 26% sales share and fueling a 1% stock gain since Feb. 28 versus an 8.2% market decline. Costco will open standalone gas outlets to ease crowding and analysts forecast March sales growth near 10%.
1. High Gas Prices Driving Sales
Record California pump prices averaging $6 per gallon have funneled consumers to Costco’s 640 + US fuel stations, where gasoline accounts for about 26% of regional sales. This surge in fuel demand helped the stock climb 1% since February 28, while the broader market fell 8.2%.
2. Standalone Gas Station Initiative
To alleviate congestion at warehouse locations, Costco plans to launch its first standalone gas outlets, providing members with dedicated fueling facilities separate from retail stores. The move aims to streamline customer flow and capture additional fuel volume without expanding store footprints.
3. Forecasted March Sales Growth
Analysts anticipate roughly 10% same-store sales growth for March, driven by elevated fuel sales and value-seeking grocery purchases. Continued top-line momentum is expected as consumers prioritize low-cost essentials amid ongoing price pressures.