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Jalopnik

Costco doubles Kirkland synthetic motor oil price to $57.99 and limits purchases as supply tightens

AI Market Summary
Costco's doubling of synthetic motor oil prices and rationing highlights broad petroleum product tightness as crude trades near $100 and refineries prioritize higher-margin gasoline/diesel output. Reports of elevated Middle East shipping and infrastructure risks (Hormuz, Bab el-Mandeb, Saudi East–West pipeline area) reinforce supply disruption premiums. Record US diesel prices signal acute downstream constraints, supporting near-term strength and volatility across crude and refined products.
Impact level
● High
Affected assets
NCCO1OILWTI2USD/USDT+3.04%
AI Insight · NCCO1OILWTI2USD/USDTAI Insight
▲ Bullish
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Costco has doubled the price of its Kirkland Signature full synthetic motor oil from $30 to $57.99 and capped purchases at two bottles per customer per week as crude oil trades around $100 a barrel and supplies tighten. U.S. diesel prices have topped $6 per gallon for the first time, reaching $6.06. Refiners are prioritizing higher-margin gasoline and diesel output, constraining the availability of motor oil.
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