Gas Stations in the US
As more Americans returned to work, total vehicle miles increased, which bolstered revenue for the Gas Stations industry. In addition, as per capita disposable income continued to increase, some consumers traded up to higher-priced premium fuel. However, significant drops in the price of crude oil has resulted in substantial revenue loss during the latter half of the five-year period. Nevertheless, consumers are expected to absorb price increases as they return to the road and consumer spending rises. Over the next five years to 2022, higher oil prices are projected to flow through to retail prices and drive industry revenue up. However, volume sales of gasoline are anticipated to decline for the industry, as more consumers turn to competitive retail channels, hindering revenue growth.
This industry comprises gas stations that retail automotive fuels, offer repair services and sell replacement parts and accessories. Gas stations that operate convenience stores on their premises are included in the Gas Stations with Convenience Stores industry (IBISWorld report 44711).
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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