Fueling up: Revenue will expand as world crude oil prices return to growth

The Gas Stations with Convenience Stores industry in Illinois has experienced considerable volatility over the five years to 2017 on the back of rapidly fluctuating crude oil prices. However, growing employment has increased vehicle usage, leading to a rising number of total vehicle miles travelled in Illinois over the past five years. To protect margins operators have begun to offer alternative fuel and charging stations to bolster revenue from consumers that no longer require gasoline. Over the five years to 2022, it is expected that the industry will expand. Crude oil prices return to growth and rising consumer spending will also help to support the industry, especially as operators expand their food, beverage and merchandise offerings...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Heavy competition among operators and rising fuel costs put pressure on profit margins
  • Industry operators benefit from a stable baseline demand for their services
  • Operators will begin to offer alternative fuels and electric charging stations at the pump
  • Industry Report - Industry Key Buyers Chapter

    Market share concentration is low in the Gas Stations with Convenience Stores industry in Illinois, with the top four operators accounting for an estimated 19.8% of industry revenue in 2017. Low concentration is primarily the result of the many small independently owned gas stations across the state. According to the Association for Convenience and Fuel Retailing, about half the fueling stations in the country sell a major brand of fuel, but are not owned by the company that supplies the fuel. Independent owners often license the rights to a fuel brand name and use it to position themselves in the market. As a result, there is heavy competition among chains and independent establishments...purchase to read more.

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

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gas Stations with Convenience Stores in Illinois 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 World price of crude oil and Total vehicle miles in Illinois in the Gas Stations with Convenience Stores in Illinois industry impact industry performance..

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    What's in this report

    What is the Gas Stations with Convenience Stores in Illinois Industry?

    Industry operators sell automotive fuels such as gasoline and diesel from stations that are colocated 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
  • Regular gasoline
  • Food and beverage
  • Mid-grade and premium gasoline
  • Diesel
  • 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
  • World price of crude oil
  • Total vehicle miles in Illinois
  • Consumer Spending in Illinois
  • Tax credits for energy efficiency

  • Current Performance
  • Demand on the rise
  • Consolidation and saturation
  • Green initiatives
  • Chart: Revenue Growth

  • Industry Outlook
  • Driving prices up
  • Branching out
  • Going green
  • Table: Gas Stations with Convenience Stores in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gas Stations with Convenience Stores in Illinois 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
  • Regular gasoline
  • Mid-grade and premium gasoline
  • Other
  • Food and beverage
  • Diesel
  • Chart: Gas Stations with Convenience Stores in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 35 to 54
  • Consumers aged 25 to 34
  • Consumers aged 55 to 64
  • Consumers aged 65 and older
  • Consumers aged 24 and younger
  • Businesses
  • Chart: Major Market Segmentation for the Gas Stations with Convenience Stores in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other Costs
  • Chart: Cost Structure Benchmarking – Sector vs Gas Stations with Convenience Stores in Illinois

  • Basis of Competition
  • Internal Competition
  • External Competition

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

  • Alimentation Couche-Tard Inc., Casey's General Stores, Inc, Marathon Oil Corporation, Murphy USA Inc.,
  • Table: Alimentation Couche-Tard Inc. - financial performance
  • Table: Casey's General Stores, Inc - financial performance
  • Table: Marathon Oil Corporation - financial performance
  • Table: Murphy USA Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gas Stations with Convenience Stores in Illinois 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 Illinois Industry
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total vehicle miles in Illinois (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • 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 company that refines and wholesales petroleum products and may also pump oil and retail fuel.
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    Why buy this report?

    The Gas Stations with Convenience Stores in Illinois industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Gas Stations with Convenience Stores in Illinois:
    • 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 Illinois 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 Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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