Gas leak: Volatile oil prices have negatively affected industry revenue growth

Revenue for the Gas Stations with Convenience Stores industry in Texas is highly sensitive to changes in gasoline prices and sales. Consequently, industry operators have endured a fair share of volatility over the five years to 2017. Severe drops in the price of crude oil has negatively affected industry revenue growth. The industry's major market comprises consumers. Therefore, the industry is also highly sensitive to changes in overall consumer spending. Vehicle fuel is a nondiscretionary good, as most consumers require gasoline to drive on a daily basis. As unemployment steadily declined, more people returned to driving on a daily basis, increasing demand for vehicle fuel...read more.

Industry Statistics & Market Size
Revenue
$40bn
Annual Growth 12-17
-3.1%
Forecast Growth 17-22
Profit
Employment
91,030
Businesses
18,397
What Our Customers Say

Industry Threats & Opportunities

  • The industry is highly sensitive to fluctuations in crude oil prices and consumer spending
  • Many industry operators have withheld passing on cost savings to consumers, largely bolstering their profit margins
  • While crude oil prices are espected to increase, overall price per barrel is not expected to surpass its peak
  • Additional Insights for the Gas Stations with Convenience Stores in Texas Industry

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

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    What is the Gas Stations with Convenience Stores in Texas 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
  • Food and beverages
  • Mid-grade and premium gasoline
  • Diesel gasoline
  • 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 in Texas
  • Tax credits for energy efficiency

  • Current Performance
  • Consumer trends, state composition and profitability
  • Divestment and contraction
  • Chart: Revenue Growth

  • Industry Outlook
  • Return of crude prices
  • Profit and the rise of the electric
  • Table: Gas Stations with Convenience Stores in Texas Industry Revenue Outlook

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

  • Major Markets
  • Consumers aged 35 to 54
  • Consumers aged 25 to 34
  • Consumers aged 55 to 64
  • 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 in Texas 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 Texas

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gas Stations with Convenience Stores in Texas Industry

  • Alimentation Couche-Tard Inc.Murphy USA Inc.Sunoco Inc.
  • Table: Alimentation Couche-Tard Inc. - financial performance
  • Table: Murphy USA Inc. - financial performance
  • Table: Sunoco Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gas Stations with Convenience Stores in Texas 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 Texas 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
    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 Gas Stations with Convenience Stores in Texas Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Gas Stations with Convenience Stores in Texas industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

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

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