Costco has begun limiting gas sales in New Jersey to those who pay membership fees to large retailers.
Starting Tuesday, Garden State drivers who are not members of Costco will not be able to fill their tanks at one of the store's gas stations.
Costco, which normally sells gasoline at prices just below market prices, decides why to make changes at this point when soaring energy prices push up new gas prices. We have not yet issued a statement about your choice. Jerseys average $ 4.81 per gallon.
As of Tuesday,gallons of regular petrolat Costco gas stations are priced at $ 4.55, about 25 cents lower than the state-wide average of unleaded petrol.
Prior to the new policy coming into effect on Tuesday, New Jersey drivers were benefiting from discounted gas at Costco's fuel stations.
In 2004, Costco sought to limit gas sales to those who paid a $ 60 annual membership fee, but a New Jersey State Representative said the move was illegal. However, this time, Trenton officials will not interfere with the members-only benefits.
"The practice of offering member-only gasoline sales does not violate New Jersey's consumer protection law," said a spokesman for the state's consumer affairs department. One Steve Burns toldNJAdvanceMedia.
Costco's new policy was first announced to drivers last month at pumps at 15 Costco gas stations across the state. According tooutlets
GasBuddy.com, there were two Costco gas stations among the 15 stations that provided the cheapest fuel in New Jersey last week. ..
Gas prices in New Jersey and across the country have fallen slightly in the last two weeks, with current average prices down 15 cents from a month ago to $ 4.81. The modest drop is still far from a year ago, when the national average of one gallon of gasoline was $ 3.13.
In some states, gas prices fell by 14 cents bydue to lower demand, but oil prices fell on the weekend of July 4 due to concerns about supply constraints. It rose again.
US benchmark West Texas Intermediate fell 0.5% to $ 108 a barrel, while international benchmark Brent crude fell more than 1.5% to $ 112 a barrel.
Oil and gas price spikesare due to supply chain disruptions and the ongoing Russian invasion of Ukraine, which also contributed to theinflation surge. It is.
