Gas Stations in the US
The Gas Stations industry has experienced significant revenue volatility over the five years to 2018. As more Americans have returned to work, total vehicle miles have also increased, bolstering purchases of gasoline. In addition, as per capita disposable income has continued to increase, some consumers have traded up to higher-priced premium fuel. Moreover, the strengthening retail and manufacturing sectors have boosted demand for diesel from trucking industries, while the introduction of diesel-compatible passenger cars supported diesel fuel sales from individuals. Although revenue fell due to declining crude oil prices, profitability grew amid falling purchase costs. However, increasing swipe fees charged by banks and credit card companies have limited margin growth during the five-year period. Oil prices are forecast to increase over the five years to 2023. Additionally, as the pace of global economic growth picks up, growth in demand is expected to outpace growth in supply. As hybrid and electric vehicles become more affordable, more consumers are anticipated to purchase these fuel-efficient cars, further lowering demand for gasoline.
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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