Costco raises price for Kirkland motor oil, sets purchase limit
The retailer raised Kirkland Signature synthetic oil to about $58 and capped sales at two units a week as crude prices climbed, according to reports.
- Costco raised the price of its Kirkland Signature full-synthetic motor oil 2-pack to around $58, nearly double last year's price, while imposing a weekly limit of 2 units per membership.
- According to Motor Biscuit, the retailer implemented these restrictions to counteract supply shortages and surging demand driven by the nearly 7-month Iran-U.S War and the blockade in the Strait.
- Synthetic motor oil production relies on Group III base oils; global crude prices climbed over $108 per barrel on Monday as Middle East conflicts squeeze supply chains.
- DIY enthusiasts face narrowed savings as Kirkland prices now approach professional service rates, while Walmart and Amazon have not introduced similar purchase caps.
- Analysts suggest the rationing aims to prevent stockpiling as supply volatility persists; it remains unclear if competitors will follow the Club operator by adjusting pricing.
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Costco just put a purchase limit on motor oil — here’s what’s going on · American Wire News
Rising prices and purchase limits sparked new concerns tied to pain at the pump, including flashbacks to empty shelves and rationing. Last week, word began to get around that popular warehouse chain Costco dramatically increased the price of its store brand motor oil. On top of nearly doubling the cost compared to the year prior, members are now being limited to two boxes per week of Kirkland Signature full-synthetic motor oil, as some experts d…
TVA Nouvelles
Costco limits the purchase of Kirkland motor oil in the United States due to a global shortage of a key component, but Quebec is spared.
Fox 10 Phoenix
Costco raises prices of Kirkland motor oil, limits how much shoppers can purchase
Costco shoppers who buy the Kirkland Signature full-synthetic motor oil will now be paying more as the warehouse store has raised the price and placed limits on how much consumers can purchase.
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