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 Analysis Chapter
The Gas Stations industry has experienced its fair share of highs and lows over the past five years. Industry performance improved over the early half of the five-year period, primarily as a result of a strengthening domestic economy, as well as a declining unemployment rate. As more Americans returned to work, consumers hit the roads, increasing demand for vehicle fuel. Greater discretionary income also enabled consumers to trade up to premium grade fuel, helping boost industry revenue growth.
On the other hand, due to double-digit increases in the price of crude oil, industry profitability waned during the past five years, driving operators to exit the industry... purchase to read more