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Costco Implements Purchase Limits and Price Increases on Motor Oil

Costco has announced price increases and purchase limits on motor oil due to disruptions in the global energy market. The price for a case of two 5-quart bottles of Kirkland Signature full-synthetic motor oil has nearly doubled to $57.99, with customers limited to two purchases per week. Recent oil price hikes have been linked to geopolitical tensions affecting supply.

Companies
Costco GasBuddy Mobil 1
People
Patrick De Haan

<p class="wp-block-paragraph"><a href="https://www.washingtonexaminer.com/tag/costco/" rel="noopener noreferrer" target="_blank">Costco</a> has set purchase limits and increased prices on motor <a href="https://www.washingtonexaminer.com/tag/oil/" rel="noopener noreferrer" target="_blank">oil</a> due to rising costs from global <a href="https://washingtonexaminer.com/tag/energy" rel="noopener noreferrer" target="_blank">energy</a> market disruptions.</p>

<p class="wp-block-paragraph">A case of two 5-quart bottles of Costco’s Kirkland Signature full-synthetic motor oil now costs $57.99, marking a nearly 100% increase from the previous price of approximately $30. Customers are limited to purchasing two boxes per week per membership.</p>

<p class="wp-block-paragraph">Each pack is sufficient for a single oil change on a V-6 or V-8 engine.</p>

<p class="wp-block-paragraph">Mobil 1’s full-synthetic motor oil six-pack of 1-quart bottles has also increased in price to $44, with a limit of five purchases per membership.</p>

<p class="wp-block-paragraph">Patrick De Haan, head of petroleum analysis for GasBuddy, commented that the rationing and price increase may not significantly affect most consumers, stating that individuals only need to be concerned if they manage “a fleet of thousands of cars.”</p>

<p class="wp-block-paragraph">He noted, “The normal car requires 4 to 5 quarts every 5,000 miles or so,” suggesting that the rationing from Costco represents “what would be an extremely reasonable amount.”</p>

<p class="wp-block-paragraph"><strong><a href="https://www.washingtonexaminer.com/news/world/4726518/saudi-arabia-us-pipeline-closure-houthi-attacks/" rel="noopener noreferrer" target="_blank">SAUDI ARABIA APPEALS TO US AS PIPELINE CLOSURE AND HOUTHIS SPIKE OIL PRICES</a></strong></p>

<p class="wp-block-paragraph">The increase in price and rationing may raise concerns among consumers. Recent oil price hikes have been attributed to the Houthis’ seizure of the Bab el-Mandeb Strait and attacks on the Saudi East-West oil pipeline, which triggered a 4% rise in prices. As of Monday afternoon, Brent crude rose to $105.66 per barrel, while West Texas Intermediate rose to $101.28.</p>

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Language Analysis

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Original Headline

Costco imposes purchase limits on motor oil, hikes prices by nearly double

Neutral Headline

Costco Implements Purchase Limits and Price Increases on Motor Oil