Gas Stations with Convenience Stores in Illinois
The Gas Stations with Convenience Stores industry in Illinois has experienced considerable volatility over the five years to 2017 on the back of rapidly fluctuating crude oil prices. However, growing employment has increased vehicle usage, leading to a rising number of total vehicle miles travelled in Illinois over the past five years. To protect margins operators have begun to offer alternative fuel and charging stations to bolster revenue from consumers that no longer require gasoline. Over the five years to 2022, it is expected that the industry will expand. Crude oil prices return to growth and rising consumer spending will also help to support the industry, especially as operators expand their food, beverage and merchandise offerings.
Industry operators sell automotive fuels such as gasoline and diesel from stations that are colocated with convenience stores or food marts. They may also provide automotive repair services. This industry is distinct from the Convenience Stores industry (IBISWorld report 44512) and the Gas Stations industry (IBISWorld report 44719). Major oil producers that franchise out most of their convenience operations are not included, unless they own and operate a significant number of sites.
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.