Costco quietly makes a major credit card change members love

Core Insights - The article discusses the current state of gasoline prices in the U.S., highlighting a decrease compared to the previous year and the impact of tariffs and inflation on consumer behavior [4][5][10]. Gas Prices Overview - The average price per gallon of regular gas as of January 15 is $2.84, which is lower than the $3.08 average from the previous year [4][10]. - Gas prices typically decrease in January due to lower demand and the use of cheaper winter blend gasoline [5]. Demand and Supply Dynamics - Gasoline demand increased from 8.17 million barrels per day (b/d) to 8.30 million b/d during the week of January 15 [6]. - Total domestic gasoline supply rose from 242 million barrels to 251 million barrels, with production averaging 9.0 million barrels per day [6]. Consumer Sentiment and Behavior - A significant portion of Americans (69%) feel that gas prices are too high, and nearly 1 in 5 believe that high gas prices are a greater concern than food inflation [8]. - Over 80% of Americans prefer earning rewards on gas purchases over other travel-related purchases, indicating a strong demand for gas rewards programs [8]. - Approximately 48% of Americans state that tariffs on everyday goods will limit their driving [8].