Walmart is expanding into the fuel business by opening more than 45 new gas stations across the U.S., challenging rivals like Costco.
Despite the trend towards electric vehicles, Walmart sees an opportunity in traditional fuel, planning to offer low prices and discounts for Walmart+ members.
Walmart aims to rival Costco's successful gas business by making its stations open to everyone, contrary to Costco's members-only model.
Retailers like Walmart and Costco are leveraging fuel sales as a reliable revenue stream amidst challenges like inflation, tariffs, and supply chain disruptions.