Editore"s Note
Tilting at Windmills

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May 29, 2004
By: Kevin Drum

COSTCO....I was over at CostCo yesterday and they were selling gasoline (regular unleaded) for $2.27 a gallon. Cars were lined up ten deep at each service bay, waiting about 20 minutes each to get to the pump.

On my way home I passed four gas stations. The posted price for regular unleaded at each one was $2.33, $2.34, $2.35, and $2.39. So that's an average of $2.35, or eight cents higher than CostCo.

The CostCo lines had the usual mix of big cars and little cars. Figure the average tank size was about 15 gallons. At eight cents a gallon, that's a savings of $1.20 compared to other gas stations.

That means these folks were all willing to idle away in line at CostCo for 20 minutes in order to save about a dollar. It's amazing, isn't it? It's almost like CostCo has them hypnotized or something.

Kevin Drum 8:33 PM Permalink | Trackbacks

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