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Is it worth the money to pay for Costco or Sam’s Club membership to save gas?

Electric car makers see this as a glorious time, as gas prices have risen to staggering highs.

What is the actual cost of ownership for EVs? You don’t have to fill them with gas, but you do need a power source. And it’s not free. Apart from that, the infrastructure isn’t completely there yet, so you may need to drive longer to find the charger. Tap or click here to see the report before deciding on an EV..

National gas prices average about $ 4.25 per gallon, so any amount you can save is beneficial. How about skipping a traditional gas station and filling up with one of the big warehouse clubs? Will lower fuel costs offset member prices?

Membership costs

Large stores like Costco and Sam’s Club charge an annual fee to purchase the item.for CostcoThe price is $ 60 for standard Gold Star membership and $ 120 for executives.

Sam’s club Standard membership charges $ 45 and plus membership charges $ 100 per year.

These stores sell everything from houseplants to big screen TVs. Membership allows you to buy gas at both large retail stores at a lower price than traditional gas stations.

“Gas prices in warehouse clubs are usually low, ranging from 5 to 25 cents per gallon,” said Patrick DeHaan of GasBuddy. Consumer report.. “And when prices go up, they keep prices longer.”

You can save depending on some factors

According to the Federal Highway Authority of the U.S. Department of Transportation, Americans 2.9 trillion miles Dividing that number by the number of licensed driver’s licenses for the year (about 228 million people) gives an average annual driving distance of 12,724 miles per person.

The Ford F-150, the most popular car in the United States, gets a total of 25MPG. According to the EPA.. The driver of this vehicle uses an average of 509 gallons of fuel annually. At $ 4.25 per gallon, that’s $ 2,163.

Saving just 20 cents of gasoline per gallon with a large store pump saves about $ 102 a year, offsetting membership prices. If you tend to drive more than the national average, you can save even more.

Take the distance into account

If you live far away from Costco or Sam’s Club and have to drive extra miles to refuel, your savings will be reduced and you can spend more on fuel by the end of the year.

You may also face a line at a warehouse club pump, and as we all know, time is money. If you enjoy bulk buying, you can refuel and shop. For small purchases, the membership price may not be worth it.

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https://www.komando.com/money/save-money-on-gas/837596/ Is it worth the money to pay for Costco or Sam’s Club membership to save gas?

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