Sunday, April 24, 2005

Costco Warns; Stock Falls

The high prices of gas have seemed to hurt and affect everything in the world. Costco has seen their stock fall tremendously as of yet because of the prices of gasoline oil. According to the article, "The largest U.S. warehouse club operator said profit margins were lower than expected, principally from the gasoline stations it operates at many of its 334 U.S. stores." Do you think the high prices of oil will eventually put many businesses out of business for good?

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