Industry Analysis & Industry Trends
Over the past five years, the Gas Stations industry grew thanks to increasing crude oil prices. However, several developments placed downward pressure on demand for fuel sold at gas stations. As the price of gasoline continued to climb, more consumers purchased fuel-efficient vehicles to save on fuel costs. In the next five years, the industry's performance is expected to wane as competition grows... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Gas Stations industry is in the declining stage of its life cycle. In the 10 years to 2019, industry value added (IVA), which measures an industry's contribution to the economy, is projected to grow an annualized 1.7%. In contrast, GDP is forecast to increase at an average annual rate of 2.4% during the same period. In addition to an IVA that lags behind GDP growth, other factors point to the decline of this industry.
First and foremost, as the costs associated with operating a retail fuel station have continued to grow, many operations have become unprofitable. Furthermore, as consumers have increasingly begun to use debit and credit cards to make purchases, swipe fees have risen to the detriment of profitability... purchase to read more