# Rising fuel costs had resulted in a $175 million hit to the retail giant’s operating income, Chief Financial Officer John Rainey said.

*business · news · 2026-05-22 · The Independent*

## Key points

- Walmart expects to raise retail prices if elevated fuel costs persist into Q2 and beyond.
- Rising fuel costs have caused a $175 million reduction in Walmart's operating income.
- For the first time since 2022, average gallons per customer at Walmart fuel stations fell below 10.
- Higher-income Walmart customers are now shopping non-food items more frequently amid fuel price pressures.

**Companies:** Walmart
**Countries:** United States, Iran

[Read the full story on The Independent](https://www.independent.co.uk/us/money/walmart-price-hike-fuel-cost-iran-b2982171.html)

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