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Friday, August 19, 2011

Costco Will Affect The Bottom Line Of Gas Stations

Local gas stations in Fredericton will be feeling the crunch thanks to the new Costco gas bar.

The station is currently selling regular self service seven cents cheaper at $1.17 a litre.

Kevin McCann is the wholesale manager for Wilson Fuels and he tells CHSJ News even after their grand opening deals are over, you can expect them to continue selling fuel 3 to 5 cents cheaper due to their size and business philosophy.
 
He estimates that Costco will capture about 6 percent of the gas market in the Capitol City.