Additional Coverage:
- 11 Costco Gas Hacks That Could Save You Hundreds a Year (financebuzz.com)
As summer travel heats up, so are gas prices. The national average for a gallon of regular gasoline has surged about 15 cents in just the past week, now hovering a bit above $4.10.
Most states have crossed the $4 mark, marking an increase of roughly 30% compared to this time last year. Experts warn that these elevated prices might persist throughout the summer months.
However, there’s a silver lining for Costco members. Beyond savings on bulk goods and household items, your $65 annual membership can translate into significant fuel savings-potentially hundreds of dollars each year compared to typical gas stations.
Here are some practical strategies to help you make the most of your Costco membership when fueling up:
1. Shop Around Among Costco Locations
Gas prices can vary even between nearby Costco stations due to supply logistics and local competition. Use the Costco app to check daily fuel prices at various locations near you and choose the lowest.
2. Use the Costco Credit Card for Cash Back
Costco credit cardholders earn cash back on fuel purchases at Costco gas stations. This adds to your savings beyond the already competitive prices.
3. Compare Prices Before You Fill Up
While Costco usually offers lower prices, it’s wise to double-check local fuel prices using apps like Waze or GasBuddy to ensure you’re truly getting the best deal.
4. Opt for Monday or Tuesday Fueling
Weekends tend to be busier and pricier at Costco gas stations. Filling up early in the week often means shorter lines and slightly cheaper gas.
5. Buy Premium Fuel at Costco
Costco’s premium fuel is priced about 20 to 40 cents more per gallon than regular, which is substantially cheaper than premiums at other stations that can cost 60 cents to a dollar more. Frequent drivers can save $300 to $500 annually by choosing Costco for premium gas.
6. Bring Gas Cans on Trips to Costco
If there isn’t a Costco near you, avoid making special trips just to fuel up. Instead, on your next visit, bring gas cans to fill and maximize your savings without extra driving costs.
7. Utilize Costco Fuel on Road Trips
Check Costco locations along your travel route before hitting the road. Filling up at Costco can save you from paying inflated highway prices and add convenience to your trip-plus you can grab a quick bite from their food court.
8. Use a Costco Shop Card if You’re Not a Member
If a membership doesn’t make sense for you, a Costco Shop Card allows non-members to purchase fuel at Costco stations. Any member can buy and load this card for you.
9. Fuel Multiple Vehicles with One Membership
If you have more than one car, consider giving family members access to your membership card or an additional card to fuel up more vehicles and maximize savings.
10. Keep Your Tank Topped Off at Costco
Rather than waiting for your tank to run low, fill up whenever you’re near a Costco. This locks in lower prices and, if you pay with a rewards credit card, helps you accumulate cash back steadily.
The Bottom Line
Choosing Costco fuel is a smart way to save money and maintain your vehicle’s health.
Costco sells Top Tier gasoline, which contains higher detergent levels that help keep engines cleaner and improve fuel efficiency. If you’re still unsure, try Costco’s online rewards calculator to estimate your potential savings.
It might be just the nudge you need to apply for a Costco credit card and start fueling up regularly.
Broader Financial Tips to Keep in Mind
No matter your income level, there are always opportunities to improve your financial situation:
- Increase your income: Explore side hustles that fit around your full-time job or find legitimate ways to keep more money in your wallet.
- Grow your savings: Take advantage of time and compound interest by understanding your finances and planning accordingly. Consulting a financial professional can help you retire sooner.
- Maximize available benefits: Use all available discounts, deals, and money-saving opportunities-especially if you’re a senior. Make sure your car insurance is competitively priced to avoid unnecessary expenses.
By combining smart fuel choices with sound financial habits, you can keep more money in your pocket this summer and beyond.
Read More About This Story:
- 11 Costco Gas Hacks That Could Save You Hundreds a Year (financebuzz.com)