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

Pumping Up: Sales Volume is Expected to Increase as Some Consumers Trade Up to Premium and Diesel Fuel

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.

Report Scope

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.