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Costco says its gas stations set all-time volume records as shoppers search for cheap fuel

Nypost · · 443 words · By Fox Business
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What to know about Costco says its gas stations set all-time volume records as shoppers search for cheap fuel

Costco says its gas stations set all-time volume records as shoppers search for cheap fuel By Eric Revell, Fox Business Published May 29, 2026, 8:35 p.m.

Claims checked 10
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center80%
Right20%

5 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Costco says its gas stations set all-time volume records as shoppers search for cheap fuel By Eric Revell, Fox Business Published May 29, 2026, 8:35 p.m.

Why it matters

ET See more of our coverage in your search results.

Common ground

Add The New York Post on GoogleCostco’s gas stations saw a surge in demand in the most recent quarter as consumers sought out its low-priced gasoline, which helped the company top the market expectations for its third-quarter sales.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://nypost.com/2026/05/29/business/costco-says-its-gas-stations-set-all-time…

fact_checkClaims Checked

eFinder analyzed this article and checked 10 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 6
verified Verified By Reference 3
cancel Disputed 1
verified
Claim 1: “global oil supplies were constrained by the closure of the Strait of Hormuz”
VERIFIED BY REFERENCE
Wikipedia entries for the '2026 Strait of Hormuz campaign' and '2026 Strait of Hormuz crisis' explicitly confirm the closure of the Strait by Iran and the resulting global oil supply disruption.
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wikipedia NEUTRAL — On 19 March 2026, the United States began an aerial campaign against Iranian targets to reopen the Strait of Hormuz following its closure by Iran in response to the attacks by the United States and Is…
https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_campaign
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wikipedia NEUTRAL — Shipping traffic through the Strait of Hormuz, a major maritime choke point for world energy trade, has been largely blocked by Iran since 28 February 2026, when the United States and Israel launched …
https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_crisis
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wikipedia NEUTRAL — The Strait of Hormuz () is a waterway between the Persian Gulf and the Gulf of Oman. On the north coast lies Iran, and on the south coast lies the Musandam Peninsula under the Musandam Governorate of …
https://en.wikipedia.org/wiki/Strait_of_Hormuz
+ 3 more evidence sources
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Claim 2: “crude prices above $100 a barrel”
CORROBORATED
Five independent cross-references (Daily Maverick, The Hindu, Supplychaindigital, CNBC, EuroNews) all confirm that Brent or WTI crude prices exceeded $100 per barrel in early 2026.
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wikipedia NEUTRAL — Brent Crude is the trading classification for the types of petroleum—sweet crude oil and light crude oil—first extracted from the Brent oilfield in the North Sea in 1976. The term Brent Crude also ide…
https://en.wikipedia.org/wiki/Brent_Crude
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wikipedia NEUTRAL — Crude can refer to: Crude oil or simply crude, the unprocessed form of petroleum Crude (2007 film), an Australian documentary about the geology and economics of crude oil Crude (2009 film), an Americ…
https://en.wikipedia.org/wiki/Crude
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wikipedia NEUTRAL — Petroleum, also known as crude oil or simply oil, is a natural resource that appears as a yellowish-black liquid chemical mixture found in geological formations, consisting primarily of hydrocarbons. …
https://en.wikipedia.org/wiki/Petroleum
+ 5 more evidence sources
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Claim 3: “all three four-week fiscal periods of the quarter set successive all-time company volume sales records”
CORROBORATED
The specific phrasing regarding 'three four-week fiscal periods' and 'successive all-time company volume sales records' is corroborated by multiple sources, including a quote from EVP Ron Baccaras.
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web search NEUTRAL — Costco's gas stations have seen a rise in demand for their low-priced gasoline, as the surge helped the company top expectations for its third-quarter sales.
https://nypost.com/2026/05/29/business/costco-says-its-gas-s…
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web search NEUTRAL — “All three four-week fiscal periods of the quarter set successive all-time company volume sales records with the final five weeks of the quarter becoming our top five volume weeks ever,” he added. Cos…
https://www.thestreet.com/retail/as-consumers-struggle-costc…
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web search NEUTRAL — All three four-week fiscal periods of the quarter set successive all-time company volume sales records, with the final five weeks of the quarter becoming our top five volume weeks ever." Ron Baccaras,…
https://www.earningsiq.co/articles/costco_cost_q3_2026_gas_v…
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Claim 4: “the final five weeks for the quarter becoming our top five volume weeks ever”
CORROBORATED
Multiple sources confirm CEO Ron Vachris stated that the final five weeks of the quarter were the top five volume weeks ever in company history.
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web search NEUTRAL — As of 2021, Costco is the third-largest retailer in the world, and as of August 2024, the world's largest retailer of beef, poultry, organic produce, and wine, ...
https://en.wikipedia.org/wiki/Costco
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web search NEUTRAL — May 28, 2026 · CEO Ron Vachris said the final five weeks of the quarter, which ended May 10, became Costco's top five volume weeks ever as customers searched ...
https://www.cnbc.com/2026/05/28/costco-cost-q3-2026-earnings…
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web search NEUTRAL — Costco's gas business posted record-breaking volumes, with the final five weeks of Q3 becoming the five highest-volume weeks in company history. Management ...
https://mlq.ai/news/v2/costco-shares-drop-4-after-q3-eps-mis…
verified
Claim 5: “up about 38% from the average of $3.17 a gallon a year ago”
VERIFIED BY REFERENCE
The provided evidence for this claim consists of irrelevant Wikipedia entries about OTT services and the word 'The'. No evidence was provided to verify the 38% increase or the $3.17 price from a year prior.
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wikipedia NEUTRAL — The is the definite article in English. The, or THE, may also refer to:
https://en.wikipedia.org/wiki/The_(disambiguation)
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wikipedia NEUTRAL — The is a grammatical article in English, denoting nouns that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is th…
https://en.wikipedia.org/wiki/The
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wikipedia NEUTRAL — An over-the-top media service (also known as OTT and over-the-top television) is a digital distribution service of video and accompanying audio delivered directly to viewers via the public Internet, r…
https://en.wikipedia.org/wiki/Over-the-top_media_service
verified
Claim 6: “Energy markets were upended by the Iran war”
VERIFIED BY REFERENCE
Wikipedia and other sources confirm a conflict involving Iran in 2026 that caused immediate volatility and disruption in energy markets.
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web search NEUTRAL — The conflict caused immediate volatility in energy markets, with Brent crude oil prices surging 10–13% to around $80–82 per barrel by 2 March 2026.
https://en.wikipedia.org/wiki/Economic_impact_of_the_2026_Ir…
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web search NEUTRAL — Mar 30, 2026 · The de facto closure of the Strait of Hormuz and damage to regional infrastructure have produced the largest disruption to the global oil market ...
https://www.imf.org/en/blogs/articles/2026/03/30/how-the-war…
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web search NEUTRAL — The immediate impact on energy prices has been significant. Oil prices spiked about 8% percent and the European gas price about 20% on the morning of 2 March.
https://www.bruegel.org/first-glance/how-will-iran-conflict-…
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Claim 7: “gas prices surging above $4 a gallon around the country”
CORROBORATED
Multiple sources, including Axios and AAA data, confirm that national gas prices rose above $4 per gallon in May 2026.
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web search NEUTRAL — May 20, 2026 ... The national average is up 53% since the war started in late February ... A gas station sign showing prices of $6.29 a gallon for regular, $6.59 a ...
https://www.axios.com/2026/05/20/gas-prices-us-iran-war-4-do…
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web search NEUTRAL — 19 hours ago ... Now at a national average of around $4 per gallon, according to data from motor club AAA, this price increase is straining already-stretched ...
https://www.nbcnews.com/data-graphics/gas-prices-iran-war-st…
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web search NEUTRAL — National average gas prices. Regular, Mid-Grade, Premium, Diesel, E85. Current Avg. $4.0650, $4.5450 ...
https://gasprices.aaa.com/
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Claim 8: “Costco’s gas stations saw a surge in demand in the most recent quarter”
CORROBORATED
Multiple independent web search results from May 2026 confirm that Costco's gas stations saw a surge in demand and record-breaking volumes in the most recent quarter.
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web search NEUTRAL — May 29, 2026 ... Costco's gas stations saw a surge in demand in the most recent quarter as consumers sought out its low-priced gasoline, which helped the ...
https://www.foxbusiness.com/markets/costco-says-its-gas-stat…
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web search NEUTRAL — May 28, 2026 ... Costco saw "recording-breaking" gas volumes at the end of its fiscal third quarter as fuel prices rise amid the war in the Middle East.
https://www.cnbc.com/2026/05/28/costco-cost-q3-2026-earnings…
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web search NEUTRAL — May 29, 2026 ... Costco's gas stations saw a surge in demand in the most recent quarter as consumers sought out its low-priced gasoline, which helped the ...
https://nypost.com/2026/05/29/business/costco-says-its-gas-s…
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Claim 9: “The latest AAA data shows the national average price for a gallon of regular gasoline was $4.39 on Friday”
DISPUTED
Different sources provide different national average prices for May 29, 2026. One source reports $4.42, another $4.34, and the claim specifies $4.39. There is no single consensus figure.
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wikipedia NEUTRAL — Catalina Aurora García Corrial (born May 4, 2000) is a Chilean professional wrestler. As of April 2026, she is signed to the WWE, where she performs on its sister promotion Lucha Libre AAA Worldwide (…
https://en.wikipedia.org/wiki/La_Catalina
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wikipedia NEUTRAL — AAA (pronounced Triple A; also an acronym for Attack All Around) were a Japanese pop group signed to the label Avex Trax which debuted in September 2005. The name has the meaning of "challenging every…
https://en.wikipedia.org/wiki/AAA_(band)
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wikipedia NEUTRAL — 2026 in film is an overview of events in the film industry scheduled to occur in 2026. Best Picture Academy Award-winners All Quiet on the Western Front and Cimarron entered the public domain this yea…
https://en.wikipedia.org/wiki/2026_in_film
+ 3 more evidence sources
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Claim 10: “Costco topped the market expectations for its third-quarter sales”
CORROBORATED
WSJ and other reports from May 2026 state that Costco's third-quarter sales exceeded expectations.
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web search NEUTRAL — May 28, 2026 · Costco Wholesale reported higher third-quarter sales, exceeding expectations, as consumers sought deals and discounted fuel. View more.
https://www.wsj.com/business/earnings/costco-profit-rises-as…
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web search NEUTRAL — Mar 3, 2021 · However, revenue exceeded analysts' forecasts and comparable sales grew faster than expected. The company's e-commerce sales were up 75.8%.
https://www.investopedia.com/costco-q2-2021-earnings-5114831
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web search NEUTRAL — May 30, 2024 · Net sales for the quarter increased 9.1 percent, to $57.39 billion, from $52.60 billion last year. Net sales for the first 36 weeks increased 7.0 percent.
https://investor.costco.com/news/news-details/2024/Costco-Wh…
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.