Gas Stations with Convenience Stores in the US
The Gas Stations with Convenience Stores industry has experienced volatility over the five years to 2019. Industry revenue is heavily dependent on trends in gasoline sales and prices, since it is the industry's primary input. Drastic declines in the world price of crude oil throughout most of the current period led industry revenue to decline up until 2016. Although the world price of crude oil has since returned to growth, boosting industry revenue, gains have not been substantial enough to completely counteract the declines experienced prior to 2017. As a result, industry revenue has declined during the current period. However, industry profit has improved over the past five years as a result of low oil prices and increased consumer spending at industry establishments. Over the five years to 2024, industry revenue is forecast to increase. As the economy is projected to continue expanding, demand for retail fuel is projected to rise as well.
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 (IBISWorld report 44512) Gas Stations (44719) industries. 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.
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