| Issue Date | Title | Subjects | CAPTION |
Jul 24 2024
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A New Direction
PHILLIPS 66 MARKETING MOVES
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Company Profile
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Phillips 66 says it plans to sell off $3-billion in non-core assets. This would be in addition to the two refineries it shut down in recent years. At the same time, the company continues to pursue its re-entry into retail gasoline marketing, with zeal. Herein we examine the nation's fourth largest refiner, Phillips 66.
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Jul 22 2024
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Store Sales Flourishing
C-STORE INDUSTRY METRICS 2023
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Station Population
NACS
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Convenience store sales, ex-fuel, rose to $327.6-billion last year according to The Association for Convenience and Fuel Retailing (NACS). In addition to this, the industry added more than 2,200 outlets despite significant headwinds including stiff interest rates, labor cost increases, and a reduction in food stamp spending.
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Jun 20 2024
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Jobber Supplied Open Dealers On Top
NATIONAL CLASS OF TRADE STUDY, 2023
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Station Population
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Contrary to popular myth, major branded outlets are not in decline nationally according to exclusive Lundberg field data. Jobber-supplied, major-branded, open dealers are still the most populous class of trade. Herein we examine the change in class of trade since 2018 and zero in on four markets.
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Jun 11 2024
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Car and Regulatory Headwinds
CHEVRON MARKETING METRICS
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Company Profile
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Since hitting rock bottom in 2018, Chevron branded station count is up by 531 nationwide, and it purchased a refinery along the way. The nation's second biggest integrated major oil company has grown its branded C-store network and increased refining capacity to 1.06-million barrels per day. The company is suffering from dwindling fuel sales in its stronghold, California.
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May 23 2024
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Chronic Disconnect
REVIEW OF AAA TRAVEL ESTIMATES
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Demand
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AAA's holiday car travel projections have been high versus actual gasoline demand by a factor of ten on average according to our study. The AAA forecasts are widely reported by media as gospel without anyone asking about the historic track record. This report examines 14 years of AAA forecasts versus gasoline demand, and finds some shocking results.
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May 15 2024
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Truck/SUV Sales Hit Record High
U.S. VEHICLE FLEET TRENDS, 2023
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Fleet
Demand
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Myth: U.S. motorists are increasingly moving to small sedans and electric vehicles in order to get better fuel mileage. This trend will accelerate the "energy transition" and according to government plans, devastate gasoline sales. Reality: EV sales are declining while sales of large pickup trucks and SUVs set an all-time record high last year. This report examines vehicle fleet trends which are vital to the health of the U.S. retail gasoline business.
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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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