Gas Stations with Convenience Stores in California - Industry Market Research Report

Gas Stations with Convenience Stores in California - Industry Market Research Report

  • September 2017 •
  • 25 pages •
  • Report ID: 5470149 •
  • Format: PDF
Refueled: Recovering oil prices will jumpstart the industry’s return to growth


Abstract

Gas Stations with Convenience Stores in California
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.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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