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

  • ID: 4578229
  • Report
  • Region: Texas
  • 27 pages
  • IBISWorld
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Gas leak: Volatile oil prices have negatively affected industry revenue growth

Gas Stations with Convenience Stores in Texas

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. While prices at the pump are expected to remain tempered over the next five years, resulting in minor revenue growth from the retail price of fuel, volume sales are expected to increase as some consumers trade up to premium and diesel fuel.

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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ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
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