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Gas Stations in the US - Industry Market Research Report

Publisher IBISWorld
Published Mar 13, 2024
Length 43 Pages
SKU # IBSS18692095

Description

Gas Stations in the US - Industry Market Research Report


Gas Stations in the US

The Gas Stations industry has experienced significant revenue volatility. The industry is sensitive to trends in oil prices because it largely retails gasoline. A decline in the world price of crude oil due to the COVID-19 pandemic led to a substantial decline in revenue in 2020. The pandemic also contributed to the reduction in total vehicles miles, resulting in lower demand for industry products. In contrast, 2021 and 2022 saw fuel prices grow astronomically as pent up demand was unleashed, supply chain challenges, and geopolitical developments hampered global oil markets. The aggregate result of these divergent trends is forecast to produce revenue growth at a CAGR of 2.6% $148.3 billion over the five years to 2023, including a 2.4% decline in 2023 as prices temper.

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

Table of Contents

43 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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