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 Locations Chapter
The geographic spread of establishments in this industry mirrors the distribution of gasoline sales, which in turn reflects US population distribution and the presence of reliable public transport infrastructure. Gas stations are located where trucking establishments are highly concentrated (i.e. areas where the output from industrial, manufacturing and agricultural production is high). Furthermore, industry establishments are most densely concentrated in the Mid-Atlantic, with nearly 9.2% of total gas stations residing in New Jersey.
The Southeast is the second-most densely concentrated region, accounting for about 19.7% of total industry establishments. However, a much greater share of the total population resides in this region... purchase to read more