The national average for a gallon of regular gasoline reached $4.173 as of Tuesday, climbing 50 cents from a week earlier, according to AAA data.
"I think we've called out strength in gas business," he continued. "We're always checking our competition, and we feel…our competitive position is as strong as ever."
Costco did not immediately return FOX Business' request for comment regarding the average gas price at its pumps. However, when, customers can track what the price for a gallon of gas costs around the nation. For instance, a gallon of regular gasoline costs $4.15 at a location in Brookfield, Connecticut. In Beltsville, Maryland, it costs $3.94 per gallon.
However, Galanti acknowledged that his company's "most direct competitor" is Walmart-owned Sam's Club, saying the company is diligent in checking on its sales at every shop, every week, and at every location. Cars line up to get gas at the Costco gas station in Vallejo, California. Crude prices will likely continue to soar as the war between Russia and Ukraine escalates, according to AAA. Since the price of oil accounts for 50% of what consumers pay at the pump, consumers will continue to feel the pain.
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