Costco Has Surprising Gas News for Members, Investors

Costco (COST) offers a very simple proposition to its members. You pay $60 for basic access or $120 for premium access (which comes with 2% cash back on most purchases up to $1,000 per year) in order to get access to the chain’s warehouse “clubs.” In exchange for that membership fee, members get very low prices.

Basically, Costco offers no frills — its stores aren’t just called warehouses, they actually are warehouses — and items are basically just stacked on pallets. There’s a limited selection of items, but that’s by design too. The chain works with its vendors to get the best prices possible and one way of doing that is limiting choice.

Source: https://www.thestreet.com/investing/costco-shares-some-of-its-gas-price-secrets?puc=yahoo&cm_ven=YAHOO&yptr=yahoo