Convenient truth: A recovering economy will drive consumers to purchase industry products
IBISWorld’s Gas Stations with Convenience Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.
Industry Statistics & Market Size
Annual Growth 09-14
Annual Growth 14-19
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
Retail sales of regular gasoline are expected to account for about 58.9% of industry revenue in 2014, an increase from 2009. Regular gasoline's share of revenue increased over the five years to 2014 as fuel prices soared while sales volumes recovered following the recession. The value that the sale of regular gasoline contributes to the industry has grown over the past five years, 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
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.
Regular gasolineGroceriesMid-grade and premium gasolineDiesel
Retailing automotive fuels (e.g. gasoline, diesel fuel)Retailing a limited assortment of food, beverages and sundries