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Issue DateTitleSubjectsCAPTION
Feb 14 2025
Inflection Points
GASOLINE IMPORTS/EXPORTS
Imports/Exports

Refining

U.S. refiners exported 854,000 b/d of gasoline last year, 205,000 b/d more than were imported. This marks the ninth consecutive year of gasoline net-exporter status. Big changes are afoot in 2025 including multiple refinery closures both here and abroad, as well as the possible resumption of Russian exports. Trend reversals are possible for domestic demand, biofuel subsidies, electric cars, refining capacity, and import/export partners.
Jan 23 2025
Building Fuel Supply Juggernaut
SUNOCO MARKETING METRICS, 2024
Company Profile

Market Share

Sunoco exited upstream in 1988. It exited refining in 2011. It exited retailing for the most part in 2018. Yet its iconic flag still flies in 40 states and Sunoco has transformed itself into a wholesaling juggernaut. Thanks to several acquisitions, it now holds an astounding 124 terminals in its marketing stable.
Jan 13 2025
5-Year Winning Streak
2024 RETAIL GASOLINE MARGIN METRICS
Retail Margins



Retailers had another fine year in 2024 as measured by cents per gallon gasoline margin. Last year was the fifth consecutive year of strong retail margins, further cementing that the higher margin regime is here to stay. Modest relief in credit card costs and interest rates, combined with a slowing of wage growth, enabled retailers to pass on 1.2ยข to motorists.
Dec 16 2024
Not Transitioning
STATION POPULATION CROSSCURRENTS 2024
Station Population



reports@lundbergsurvey.com AttachmentsFri, Dec 13, 2:20?PM (5 days ago) to me This message was not sent to Spam based on your organization's settings. The United States added 700 gasoline stations nationally in 2024 according to our study. This is the fourth consecutive year the population has increased, bringing the total to 144,100. The increase comes despite several headwinds, and belies the myth of "energy transition". This year's average throughput was flat, this study finds
Dec 09 2024
Branded Outlet Growth Arrested
EXXONMOBIL MARKETING METRICS
Company Profile



The nation's biggest super major, ExxonMobil, celebrated a massive capacity expansion at its Beaumont plant last year. It persevered with this project despite 2020's downturn and pervasive government talk of transitioning away from petroleum. Herein we examine Exxon's branded station count, gasoline market shares, and refining capacity.
Nov 15 2024
California Issues Refiner Death Sentence
NEW LAWS PUSH INDUSTRY TO THE BRINK
Refining

Regulations

California Governor Gavin Newsom, the state legislature, and regulatory agencies, are hell-bent on destroying California's oil industry including refiners, distributors, and retailers. Refinery closures mean motorists will be dependent on foreign refiners for supply, at nosebleed prices. Meanwhile, the grand scheme to force motorists into electric cars is failing. Even so, motorists will be limited to just half a gallon per day on average come 2030, per state rules.
Nov 05 2024
Shell Rationalizes Refining Business
NORCO IS LAST REMAINING U.S. PLANT
Company Profile

Refining

Market Share
Since 2000, Shell has sold or closed 10 refineries, leaving it with just one plant, Norco. It has dropped from the nation's top gasoline market share to fourth. Its loss of interest in U.S. refining coincides with a new zeal for gasoline retailing, and emissions reductions.
Oct 23 2024
Post-Auction Future Still Foggy
CITGO SOLD FOR A SONG
Company Profile

Mergers/Acquisitions

Citgo was auctioned off for $7.3-billion on September 27. However, creditors owed $21.3-billion by Venezuela's government have other ideas and are protesting the proposed sale along with the Venezuelan government itself. The company has been operating in limbo since 2019 when the U.S. government seized it from state-run Petroleos de Venezuela. Herein we examine Citgo's refining capacity, gasoline market share, and outlet count.
Oct 17 2024
A Dearth of Customers
ECONOMICS OF E-CAR CHARGING STATIONS
Regulations



Gasoline retailers are still being told by experts that they must install electric vehicle chargers to survive the "energy transition" and cash in on lucrative subsidies. Outlays for fast chargers run $50,000 to $100,000 each. This report finds that the numbers still don't add up, mainly due to a lack of e-car driving customers. Automakers are still losing billions on e-cars, and rapidly scaling back expansion plans.
Sep 24 2024
Refiner, Marketer, Retailer
MOTIVA SHARE DECLINING
Market Share

Company Profile

Motiva's U.S. gasoline market share has declined despite significant growth of its Shell branded network in some markets. The Saudi owned refiner-marketer added 17 units to its retail joint-venture last month, expanding its return to retail after an eleven-year absence.
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