Costco says Americans are panic-buying one thing again—and it’s not toilet paper

Record gas station traffic helped fuel strong quarterly sales as drivers searched for relief from rising prices.

[Photo: Sundry Photography/Adobe Stock]

With gas prices soaring, Americans looking to save at the pump are flocking to Costco in droves.

In its latest quarterly earnings report, the budget-friendly retailer described a “record-breaking” volume of sales in its gasoline business. Costco operates its own pumps attached to its retail locations, which members who pay $65 annually can use to........

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