Refueled: Recovering oil prices will jumpstart the industry's return to growth

Revenue for the Gas Stations with Convenience Stores industry in California has declined over the five years to 2017, primarily the result of plummeting oil prices. Nonetheless, an overall improving economy in California has also supported demand and kept revenue from falling even faster. As employment and disposable income levels have risen, total vehicle miles have increased as consumers commute to and from work and recreational activities. While falling oil prices have led to revenue declines, they have supported growth in industry profit. Revenue trends are forecast to reverse heading into 2022. A recovery in oil prices will be the main factor fueling the industry's rebound. While higher oil prices will support revenue growth for the industry, they will hinder profitability...read more.

Industry Statistics & Market Size
Revenue
$37bn
Annual Growth 12-17
-1.2%
Forecast Growth 17-22
Profit
Employment
50,588
Businesses
6,471

Industry Threats & Opportunities

  • While falling oil prices have led to revenue declines, they have supported growth in industry profit
  • The overall decline in oil prices has bolstered industry profit margins
  • The primary reason for industry growth will be a projected turnaround in the price of oil
  • Industry Report - Industry Key Buyers Chapter

    This industry is characterized by a low level of market share concentration, with only one operator, Canada-based Alimentation Couche-Tard Inc., estimated to account for more than 5.0% of total revenue. While Alimentation has a large presence in California and the rest of North America, the majority of industry players are regional and local operators. Over the past five years, market share concentration has increased slightly due to merger and acquisition (M&A) activity. For example, in 2011, Alimentation completed its purchase of more than 322 retail stores California from ExxonMobil; while this acquisition was finalized in 2011, its effect on the market took effect largely in 2012 and 2013 as newly acquired stores were remodeled and rebranded. Non...purchase to read more.

    Additional Insights for the Gas Stations with Convenience Stores in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gas Stations with Convenience Stores in California Industry are

  • Proximity to high-traffic areas
  • Supply contracts in place for key inputs
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as Total vehicle miles and Per Capita Disposable Income in California in the Gas Stations with Convenience Stores in California industry impact industry performance..

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    What's in this report

    What is the Gas Stations with Convenience Stores in California 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
  • Automotive fuels
  • Food and beverage products
  • Tobacco products
  • Industry Activities
  • Retailing automotive fuels (e.g. gasoline, diesel fuel)
  • Retailing a limited assortment of food, beverages and sundries
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total vehicle miles
  • Per Capita Disposable Income in California
  • World price of crude oil
  • Number of Adults Aged 20 to 64 in California

  • Current Performance
  • Revenue falls with oil prices
  • Higher profit spurs increasing industry participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue growth on the horizon
  • More operators enter the industry
  • Table: Gas Stations with Convenience Stores in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gas Stations with Convenience Stores in California Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Local Freight Trucking
  • Local Specialized Freight Trucking
  • Public Transportation
  • Consumers

  • Key Selling Industries
  • Cigarette & Tobacco Products Wholesaling
  • Gasoline & Petroleum Wholesaling
  • Grocery Wholesaling

  • Products & Services
  • Automotive fuels
  • Food and beverage products
  • Tobacco products
  • Other
  • Chart: Gas Stations with Convenience Stores in California Industry Products and Services Segmentation

  • Major Markets
  • Consumers
  • Businesses
  • Other
  • Chart: Major Market Segmentation for the Gas Stations with Convenience Stores in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Gas Stations with Convenience Stores in California

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gas Stations with Convenience Stores in California Industry

  • Alimentation Couche-Tard Inc., Anabi Oil, Fastrip Food Stores, United Pacific,
  • Table: Alimentation Couche-Tard Inc. - financial performance
  • Table: Anabi Oil - financial performance
  • Table: Fastrip Food Stores - financial performance
  • Table: United Pacific - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gas Stations with Convenience Stores in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Gas Stations with Convenience Stores in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • World price of crude oil (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Diesel
  • A mid-range petroleum product (with a higher boiling point than gasoline) typically used as a fuel for internal combustion engines.
  • Hybrid Vehicle
  • A vehicle that uses two different power sources to run, in most cases referring to an electric battery in conjunction with a gasoline engine.
  • Major Oil Company
  • A large vertically integrated firm that refines and wholesales petroleum products and may also pump oil and retail fuel.
  • Octane Rating
  • A standard measure of the performance of motor fuel. The higher the octane number, the more compression the fuel can withstand, signifying higher-performing fuel.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Gas Stations with Convenience Stores in California is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Gas Stations with Convenience Stores in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Gas Stations with Convenience Stores in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Gas Stations with Convenience Stores in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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