Gas Stations with Convenience Stores in the US
The Gas Stations with Convenience Stores industry has experienced volatility over the five years to 2018. Industry revenue is heavily dependent on trends in gasoline sales and prices, as it is the industry's primary input. Drastic declines in the world price of crude oil for most of the period led industry revenue to fall until 2016. Although the world price of crude oil has since returned to growth, boosting revenue, gains have not been substantial enough to completely counteract the declines experienced prior to 2017. Demand for retail fuel is expected to grow in the five years to 2023 as the economy continues to grow. However, prices at gasoline pumps are expected to remain comparatively low, resulting in only moderate growth in the retail price of fuel.
Industry operators sell automotive fuels such as gasoline and diesel from stations that are collocated 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.