Issue Date | Title | Subjects | CAPTION |
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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Nov 08 2023
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Why The Fall Price Reversal?
PUMP PRICE 2023 YEAR IN REVIEW
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Retail Prices
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Retail gasoline prices have been dropping since September due to moderated crude oil prices, weak demand, and declining refining margins. Recent price cuts notwithstanding, 2023 will go down in history as one of the most expensive ever for motorists.
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Oct 24 2023
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No Relief In Sight
YEAR TWO OF DIESEL SUPPLY CRISIS
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Diesel
Retail Prices
Wholesale Prices
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reports@lundbergsurvey.com
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The U.S. average retail diesel price has jumped 65.5¢ since July 7 to 457.7¢ gal., clobbering an already weakened trucking industry. Diesel now towers 90¢ higher than the nation's average retail gasoline price. Stocks are a mere 26 days of demand. Shuttered refineries and government subsidies incentivizing pricey soy diesel have contributed to the new normal.
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