Industry Analysis & Industry Trends
As the US economy gains steam, more consumers are expected to hit the road and demand gasoline. Furthermore, strong economic growth will push up demand for crude oil, thus paving the way for higher industry revenue. Although the majority of industry revenue is earned through gasoline sales, store owners are increasingly reliant on convenience store sales because in-store products are more profitable than gasoline... purchase to read more
Industry Report - Industry Key Buyers Chapter
Concentration in the Gas Stations with Convenience Stores industry is very low, with the top operators accounting for less than 10.0% of industry revenue in 2014. Industry concentration has decreased over the past five years as more prominent companies in the industry divested gas stations to concentrate on a few profitable locations. Furthermore, skyrocketing crude oil prices during the recession prompted many oil companies to concentrate on upstream activities such as exploration and production.
Additionally, the large size of the US market (both in terms of volume and geographic area) contributes to the low level of concentration. Although some industry participants have national coverage, many smaller operators cover a specific geographic region... purchase to read more