Industry Analysis & Industry Trends
The Gas Stations industry has experienced a moderate amount of volatility over the past five years. As more Americans returned to work, total vehicle miles increased, bolstering purchases of gasoline. Additionally, as per capita disposable income continued to improve, some consumers traded up to premium fuel, which is priced higher than lower-octane fuel. However, significant drops in the world price of crude oil resulted in substantial revenue loss in the latter half of the period. Looking forward, oil prices are expected to rise and flow through to retail prices, driving up revenue, and consumers are anticipated to absorb price increases as they return to the road. Nevertheless, volume sales of gasoline are forecast to decline, threatening industry growth... purchase to read more
Industry Report - Industry Products Chapter
Retail sales of automotive fuel are estimated to account for 91.0% of industry revenue in 2016. The share of industry revenue represented by the sale of vehicle fuel has increased as fuel prices grew faster than the price of other goods over the past five years. Automotive fuel is a more central source of revenue in this industry than for its sister industry, Gas Stations with Convenience Stores, where the sale of other merchandise reduces the importance of vehicle fuel to its total revenue.
An estimated 41.8% of automotive fuel sales are accounted for by various grades of gasoline, while diesel fuel accounts for the remaining 49.2%. Diesel fuel's share of industry revenue has expanded over the past five years, due to the quick recovery of trucking enterprises... purchase to read more