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Issue DateTitleSubjectsCAPTION
Feb 14 2024
Southwest Star
DALLAS, GASOLINE MEGA-MARKET
Market profile

Station Population

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.
Jan 25 2024
Record High Levies
GASOLINE TAXES BURGEONING
Taxes



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.
Jan 24 2024
Margin Encore
RETAIL GASOLINE EARNING METRICS, 2023
Retail Margin



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.
Dec 15 2023
An Editorial Trek
MYTHS ABOUT GASOLINE AND OIL
Myths



The petroleum industry is a myth-ridden victim of ignorance and bias. This Letter identifies 92 myths.
Dec 07 2023
Modest Growth In Outlet Count
STATION POPULATION CROSSCURRENTS 2023
Station Population



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.
Nov 28 2023
How a Government Funded Profit Center is Surging
FOOD STAMP SALES AT C-STORES
Station Population



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.
Nov 08 2023
Why The Fall Price Reversal?
PUMP PRICE 2023 YEAR IN REVIEW
Retail Prices



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.
Oct 24 2023
No Relief In Sight
YEAR TWO OF DIESEL SUPPLY CRISIS
Diesel

Retail Prices

Wholesale Prices
reports@lundbergsurvey.com Attachments1:24?PM (0 minutes ago) to me 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.
Oct 13 2023
California Gasoline Price Spike
REFINERS FLEE GOLDEN STATE
Regulations

Retail Prices

Consumption/Supply/Demand
California government is excited about banning petroleum and transitioning to an electric vehicle utopia. The result has been shuttered refining capacity and increasingly unstable product supply. The unintended consequence has been wild swings in gasoline prices, clobbering motorists at the pump. On October 6, state average regular grade soared to $5.86 gal.
Sep 18 2023
Gasoline App Discounts, 2023
REWARDS PROGRAMS MOVE TO PHONES
Retail Prices

Station Popoulation

Arguably late to the party, refiners offering phone payment apps have proliferated in recent years in a new arena of competition. Among the eleven companies featured herein, we find most of the app specific gasoline discounts are less than impressive while the overall package of rewards programs, app, and credit card discounts are significant.
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