Market Facts – Petroleum
- Approx. number of public fueling locations in the USA as of 1st Quarter 2014 = 167,346 locations
- Average Monthly Gallons Sold Per Location = 127,560 gallons
- Average Ticket across the USA
$21.00 – $23.00 – $26.00
$34.00 – $40.00 – $50.00
De-branding (definiton): When a fuel location switches from a major oil brand to no major brand or becomes independent
Strongest Reasons for a Merchant to De-brand
- No choice, forced to de-brand by the majors
- Escape the toughening re-imaging standards
- Consumers’ fading reverence for a brand
- No longer an advantage in fuel pricing between major oil and unbranded markets
- Consumers’ continued awareness of price per gallon costs
Top 10 States for Gasoline Consumption
- California – massive de-branding occurring
- Texas
- Florida
- New York
- Ohio
- Pennsylvania
- Illinois
- Michigan
- Georgia – massive de-branding occurring
- North Carolina