Gas Stations in Canada
Over the five years to 2019, the Gas Stations industry in Canada has been very volatile, reflecting the movements of underlying crude oil prices worldwide. Due to the relatively inelastic demand for vehicle fuel, demand does not significantly decline when prices rise. However, as lower crude oil prices caused operators to lower the retail price of gasoline, revenue was negatively affected. Operators endured intense competition from gas stations that operate alongside convenience stores. Consumers increasingly turned to retailers that offer fuel along with food, beverages and other sundries due to the convenience of these locations. Over the five years to 2024, the industry is expected to grow marginally, stifled by rising competition from the Gas Stations with Convenience Stores industry in Canada (IBISWorld report 44711CA). Crude oil prices are anticipated to continue their volatile trend.
This industry comprises establishments primarily engaged in retailing gasoline, diesel fuel and automotive oils. More specifically, this industry excludes gasoline stations operated in conjunction with a restaurant or other type of operation, such as convenience stores. Establishments that operate restaurants or convenience store franchises on behalf of their owners are also not included in the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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