Gas Stations
Description
Brief Excerpt from Industry Overview Chapter:
Companies in this industry primarily sell fuel for motor vehicles; they may also offer car repairs or inspections. No major companies dominate the industry. Although major oil companies own few retail fueling outlets, many gas stations contract to sell specific brands of fuel.As a part of the global oil and gas refining and marketing industry, the global gas station market is forecast to reach about $3 trillion by 2034, according to Global Insight Services. The growth is driven by inbound and outbound tourism and development in national and international transportation.
The US gas station industry includes about 17,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $100 billion. Revenue for the industry, driven mainly by fuel consumption, can vary significantly from year to year, depending on the price of crude oil.
The industry includes some truck stops but excludes establishments that are combination gas station/convenience stores, which account for the majority of fuel retailers and are covered in a separate industry profile.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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