Gas Stations in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: March 2024
NAICS 44719Revenue
$140.5bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
158k
Businesses
9,919
Wages
$X.Xbn
Gas Stations in the US industry analysis
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.
Trends and Insights
- 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 geopolitical instability.
- 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 automobile fuel and industry establishments cater to commercial customers.
- 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.
- 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.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 2.5 % over the past five years, to reach an estimated $140.5bn in 2024.
Trends and Insights
Volatility in the world price of crude oil significantly impacted gas stations
- The volatility of crude oil prices over the past five years has posed considerable challenges for the Gas Stations industry. Volatility has been caused by COVID-19, supply chain disruptions and geopolitical tensions like the Russia-Ukraine war.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
Economic expansion will support demand for fuel
- Gas station revenue will be positively impacted by rising per capita disposable income and an increase in road travel by Americans. Growth in disposable income will enable consumers to purchase higher grades of vehicle fuel, increasing revenue per customer.
Biggest companies in the Gas Stations in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Bp Plc | 2,526.3 | 264.2 | 10.5 |
To view the market share and analysis for all 1 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
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.
Trends and Insights
Diesel fuel is the industry leader
- This product segment includes the sale of diesel fuel. Diesel fuel leads sales of all fuels sold at gas stations primarily because establishments cater to trucking enterprises.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Convenience Stores in the US
- Gas Stations with Convenience Stores in the US
Complementors
- Auto Mechanics in the US
- Car Body Shops in the US
International industries
- Gas Stations in Canada
- Fuel Retailing in Australia
- Fuel Retailing in New Zealand
- Petrol Stations in the UK
- Petrol Stations in Ireland
Table of Contents
About this industry
Industry definition
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).
What's included in this industry?
GasDieselAutomotive servicesNonautomotive fuelCompanies
Bp PlcPurchase this report to view all 1 major companies in this industry.
Related Terms
GASOLINEDIESELMAJOR OIL COMPANYHYBRID VEHICLESWIPE FEEIndustry Code
NAICS 44719 - Gas Stations in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
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...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
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...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
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.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
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.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
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.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Bp Plc's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Bp Plc, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
A bevy of rules govern companies that work with fuel sales. Most regulations on gas stations are mandated and monitored at the federal level.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profitability across the industry is low. As global oil prices have risen, profit has deteriorated across the industry.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Gas Stations in the US industry in United States in 2024?
The market size of the Gas Stations in the US industry in United States is $140.5bn in 2024.
How many businesses are there in the Gas Stations in the US industry 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.
Has the Gas Stations in the US industry in United States grown or declined over the past 5 years?
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.
What is the forecast growth of the Gas Stations in the US industry in United States over the next 5 years?
Over the next five years, the Gas Stations in the US industry in United States is expected to decline.
What are the biggest companies in the Gas Stations in the US market in United States?
The biggest company operating in the Gas Stations market in United States is Bp Plc
What does the Gas Stations in the US in United States include?
Gas and Diesel are part of the Gas Stations in the US industry.
Which companies have the highest market share in the Gas Stations in the US in United States?
The company holding the most market share in United States is Bp Plc.
How competitive is the Gas Stations in the US industry in United States?
The level of competition is high and increasing in the Gas Stations in the US industry in United States.
