Gas Stations with Convenience Stores in the US - Industry Market Research Report

Gas Stations with Convenience Stores in the US - Industry Market Research Report


Gas Stations with Convenience Stores in the US

The Gas Stations with Convenience Stores industry has experienced volatility as the price of gasoline, the industry's primary product, has fluctuated. While the world price of crude oil returned to growth in 2017 and 2018 from a low base, oil prices collapsed again in 2019 and 2020. The global economic slowdown stemming from the COVID-19 pandemic was been accompanied by an oil price war between major producers Saudi Arabia and Russia, resulting in a large decline in crude oil prices declining in 2020. The massive rise in prices throughout 2021 lifted industry revenue 31.1%, and Russia's invasion of Ukraine at the outset of 2022 caused world crude oil prices to rise further. As a result, revenue is forecast to rise at a CAGR of 5.1% to $641.5 billion over the five years to 2023, although it is expected to stagnate during the current year.

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.


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

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