Costco’s Cheap Gas Prices Are a Big Hit

Costco Wholesale is doing a booming business in gasoline by offering its members material savings that one Wall Street analyst has put at 37 cents a gallon. This comes at a time when prices have soared to a record of $5 a gallon.

Costco Wholesale (ticker: COST) could sell $30 billion of gasoline in its fiscal year ending in August, with about $25 billion in the U.S., according to Richard Galanti, the company’s longtime chief financial officer. The company sold a total of $17 billion of gas in fiscal 2021. Outside the U.S.,…

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