Inconvenient truth: Continued volatility in global crude oil prices will threaten industry revenue

As the US economy gains steam, more consumers are expected to hit the road and demand gasoline. Furthermore, strong economic growth will push up demand for crude oil, thus paving the way for higher industry revenue. Although the majority of industry revenue is earned through gasoline sales, store owners are increasingly reliant on convenience store sales because in-store products are more profitable than gasoline...read more.

Industry Statistics & Market Size
Revenue
$343bn
Annual Growth 12-17
-5.7%
Forecast Growth 17-22
Profit
Employment
838,360
Businesses
108,483
Market Share of Companies
What Our Customers Say

Industry Threats & Opportunities

  • Operators increasingly rely on convenience store sales rather than gasoline sales
  • Fuel-efficient cars will place downward pressure on industry revenue
  • The relatively low price of crude oil will continue to limit revenue expansion
  • Industry Report - Industry Locations Chapter

    The concentration of industry operations largely mirrors the distribution of the population throughout the United States. Exceptions to this trend include expansive regions where the population is more spread out, requiring more vehicle travel and establishments per capita than densely populated regions.Southeast, Great Lakes and SouthwestOver a third of this industry's establishments are located in the Southeast. However, only a fourth of the US population resides in this region. The region's dispersed population and limited access to public transportation services result in heavy reliance on road transportation, thus contributing to its relatively large share of overall establishments. The...purchase to read more.

    Additional Insights for the Gas Stations with Convenience Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gas Stations with Convenience Stores 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 the Gas Stations with Convenience Stores industry impact industry performance..

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    What is the Gas Stations with Convenience Stores 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
  • Regular gasoline
  • Groceries
  • 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
  • Consumer spending
  • Tax credits for energy efficiency

  • Current Performance
  • Crude oil prices rise and fall
  • Consumer trends
  • Profitability trends
  • Ownership reshuffles
  • Chart: Revenue Growth

  • Industry Outlook
  • Prices on the rise
  • Profit stability
  • Fuel efficiency challenges
  • Table: Gas Stations with Convenience Stores Industry Revenue Outlook

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

  • Demand Determinants
  • Economy
  • Price
  • Public transportation

  • Major Markets
  • Consumers aged 35 to 54
  • Consumers aged 55 to 64
  • Consumers aged 25 to 34
  • Consumers under age 25
  • Consumers aged 65 and over
  • Trucking companies and transportation operators
  • Chart: Major Market Segmentation for the Gas Stations with Convenience Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther Costs
  • Chart: Cost Structure Benchmarking – Sector vs Gas Stations with Convenience Stores

  • Basis of Competition
  • Internal Competition
  • External Competition

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

  • Industry Globalization
    Alimentation Couche-Tard Inc.
  • Table: Alimentation Couche-Tard Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gas Stations with Convenience Stores 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 Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (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
    Table: Industry Financial Ratios
    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.
  • Why buy this report?

    IBISWorld’s industry research report on Gas Stations with Convenience Stores contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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