$140.5bn
$X.Xbn
158k
9,919
$X.Xbn
The Gas Stations industry has experienced significant revenue volatility over the past five years. The industry is sensitive to trends in oil prices because it largely retails gasoline. A decline in the world price of crude oil because of the COVID-19 pandemic led to a substantial decline in revenue in 2020. The pandemic also contributed to the reduction in total vehicle miles, resulting in lower demand for fuel. In contrast, 2021 and 2022 saw fuel prices skyrocket as pent up demand was unleashed, supply chain challenges and geopolitical developments hampered global oil markets. Overall, industry revenue is expected to increase at a CAGR of 2.5% $140.5 billion over the five years to 2024, including a 1.1% increase in 2024 alone.
Industry revenue has grown at a CAGR of 2.5 % over the past five years, to reach an estimated $140.5bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Bp Plc | 2,526.3 | 264.2 | 10.5 |
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Industry revenue is measured across several distinct product and services lines, including Gas, Diesel and Automotive services (e.g. repairs, car washes and general parts). Gas is the largest segment of the Gas Stations in the US.
Diesel fuel is the industry leader
This industry comprises gas stations that retail automotive fuels, offer repair services and sell replacement parts and accessories. Gas stations that operate convenience stores on their premises are included in the Gas Stations with Convenience Stores industry (IBISWorld report 44711).
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NAICS 44719 - Gas Stations in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Volatile oil prices have translated to fluctuations at the pump. However, revenue has expanded as a result of the massive spike in oil prices during the pandemic and geopolit...
Learn about an industry's products and services, markets and trends in international trade.
Retail sales of automotive fuel account for the majority of revenue for gas stations. Diesel fuel generates the largest share of revenue because it is more expensive than aut...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Mid-Atlantic has largest number of gas stations in the United States. The region has significant transportation routes that are essential to the delivery of goods.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Gas stations compete heavily on price. Fuel is a homogenous product, so downstream consumers typically seek out the lowest prices, especially when oil prices soar globally.
Learn about the performance of the top companies in the industry.
BP is the largest operator in the industry. Despite its large upstream operations, the company’s share of retail revenue is small, emphasizing the industry’s fragmentation.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
A bevy of rules govern companies that work with fuel sales. Most regulations on gas stations are mandated and monitored at the federal level.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profitability across the industry is low. As global oil prices have risen, profit has deteriorated across the industry.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Gas Stations in the US industry in United States is $140.5bn in 2024.
There are 9,919 businesses in the Gas Stations in the US industry in United States, which has declined at a CAGR of 0.9 % between 2019 and 2024.
The market size of the Gas Stations in the US industry in United States has been growing at a CAGR of 2.5 % between 2019 and 2024.
Over the next five years, the Gas Stations in the US industry in United States is expected to decline.
The biggest company operating in the Gas Stations market in United States is Bp Plc
Gas and Diesel are part of the Gas Stations in the US industry.
The company holding the most market share in United States is Bp Plc.
The level of competition is high and increasing in the Gas Stations in the US industry in United States.