Issue Date | Title | Subjects | CAPTION |
Apr 25 2024
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How, Why
2024'S 59¢ SPRING PRICE RUN-UP
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Retail Prices
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Retail gasoline prices have advanced rapidly since January 5, clobbering motorists with a 59¢ hike on average nationally. Prices are up despite anemic gasoline demand and faltering economic growth. In addition to seasonal RVP penalties, crude oil's breaking out of the $70-$80 price band is underlying 2024's Spring pump price hike.
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Apr 22 2024
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Marathon, Post-Speedway
VITAL STATS FOR TOP U.S. REFINER
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Market Share
Company Profile
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Marathon sold its Speedway division to 7-Eleven in 2021. Three years on, how is Marathon faring? It continues to hold the nation's top gasoline market share despite jettisoning its retail division. In a cruel twist, retail margins have exploded higher since Speedway was sold, enhancing 7-Eleven's coup. Herein we update vital statistics for the nation's biggest refiner.
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Mar 19 2024
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More Motorists, Lower Price
WHY 2023 GASOLINE DEMAND NOTCHED UP
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Demand
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Gasoline demand increased 1.5% in 2023 according to Lundberg data which tracks taxable gasoline sales monthly, by state. Tailwinds last year included declining retail prices, a growing population of motorists, and a growing jobs market. The U.S. Dept. of Energy, meanwhile, is still forecasting a collapse in demand by 2030. We beg to differ. Main finding: U.S. gasoline demand has not peaked.
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Mar 07 2024
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Buoyed By Fuel Margin
GASOLINE STATION VALUES STILL RISING
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Station Population
Regional
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Strong gasoline margins are causing gasoline station values to rise according to data presented herein. Nationally, the average asking price for a gasoline station soared 17% between 2021 and 2024. Gasoline outlets are still coveted by buyers despite struggling fuel throughputs, talk of energy "transition", and higher interest rates.
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Feb 14 2024
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Southwest Star
DALLAS, GASOLINE MEGA-MARKET
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Market profile
Station Population
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The vast 13-county Dallas metro market with its fast expanding population is a star fuel volume generator, even by Texas terms. Station throughputs have expanded to 119,000 gals./month on average. Here we update market shares, throughputs, and station population details culled from sole source Lundberg census data.
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Jan 25 2024
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Record High Levies
GASOLINE TAXES BURGEONING
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Taxes
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State and local governments have been hiking gasoline taxes at a furious pace since 2019. On average, since 2019, motorists are forking over an additional 6.2¢ gal. in tax. California remains the kingpin, clobbering motorists with a gasoline tax that exceeds $1.40 per gallon. That is, unless, one drives a heavily subsidized electric car, enabling road tax scofflaw status.
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Jan 24 2024
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Margin Encore
RETAIL GASOLINE EARNING METRICS, 2023
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Retail Margin
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After a fine year in 2022, retailers were hoping for a high margin encore in 2023. Results are in: National retail gasoline margin registered the second highest annual average in 2023, down just 4.5¢ gal. from 2022's record setting high. The 2023 performance further confirms the industry has entered a new higher margin regime, which we detail herein.
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Dec 15 2023
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An Editorial Trek
MYTHS ABOUT GASOLINE AND OIL
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Myths
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The petroleum industry is a myth-ridden victim of ignorance and bias. This Letter identifies 92 myths.
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Dec 07 2023
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Modest Growth In Outlet Count
STATION POPULATION CROSSCURRENTS 2023
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Station Population
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For the second consecutive year, the nation's station population has registered a small increase. According to Lundberg data, there are now 142,600 stations nationally. Amazingly, the industry added stations despite rising interest rates and a sharp decline in housing starts. More good news: throughputs are rising again.
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Nov 28 2023
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How a Government Funded Profit Center is Surging
FOOD STAMP SALES AT C-STORES
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Station Population
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The U.S. convenience store industry raked in $7.38-billion in food stamp sales last year, more than double its 2019 tally. EBT revenue accounted for $64,274 per food stamp accepting C-store on average. With 12.6% of the U.S. population getting food stamps and 51% living within one mile of a C-store, the ongoing campaign to capitalize on the program has become an industry priority. Up next for the lobby: get hot foods to qualify for food stamp use.
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