
TL;DR
Costco has raised the price of Kirkland Signature synthetic motor oil to $57.99 and introduced purchase limits due to a global lubricant shortage. This marks a significant shift in the DIY car maintenance landscape.
✦ Why It Matters
Consider stocking up on motor oil now to avoid future price hikes and shortages.
Key Takeaways
Full Summary
Costco's Kirkland Signature synthetic motor oil has seen a price increase from the mid-$30 range to $57.99 for a 10-quart case, reflecting a broader trend of tightening lubricant supply. The oil must meet modern engine requirements, including specifications for turbocharged and direct-injection engines, which complicates production and increases costs.
Additionally, the petroleum industry faces pressure as refiners prioritize gasoline and diesel production over lubricant base oils, further straining supply. Costco has also limited purchases of other brands like Mobil 1, indicating widespread market challenges.
These changes mean that DIY oil changes are becoming less cost-effective, as the price of quality filters adds to the overall expense.
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