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Gas Stations with Convenience Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Gas Stations with Convenience Stores Market Research Report | NAICS 44711 | Oct 2015

Inconvenient truth: Plummeting crude oil prices will lead industry revenue to decline

IBISWorld’s Gas Stations with Convenience Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$397bn
Annual Growth 10-15
1.0%
Annual Growth 15-20
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Profit
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Employment
711,290
Businesses
60,615
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 Products Chapter

Regular gasoline

Retail sales of regular gasoline are expected to account for about 58.9% of industry revenue in 2015, an increase from five years prior. Regular gasoline's share of revenue increased early in the current five-year period as fuel prices soared while sales volumes increased. The value that the sale of regular gasoline contributes to the industry grew ealry in the current five-year period, increasing its share of revenue as consumers substituted away from more expensive mid-grade and premium gasoline. According to the US Energy Information Administration (EIA), the average price for regular fuel increased 18.5% in 2010 and another 26.7% in the following year, causing revenue from regular gasoline sales to rise... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Gas Stations with Convenience Stores Industry?

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 industry (IBISWorld report 44512) and the Gas Stations industry (IBISWorld report 44719). Major oil producers that franchise out most of their convenience operations are not included, unless they own and operate a significant number of sites.

Industry Products
Regular gasolineGroceriesMid-grade and premium gasolineDiesel
 
Industry Activities
Retailing automotive fuels (e.g. gasoline, diesel fuel)Retailing a limited assortment of food, beverages and sundries


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