| Issue Date | Title | Subjects | CAPTION |
Jan 13 2025
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5-Year Winning Streak
2024 RETAIL GASOLINE MARGIN METRICS
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Retail Margins
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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.
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Dec 16 2024
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Not Transitioning
STATION POPULATION CROSSCURRENTS 2024
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Station Population
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reports@lundbergsurvey.com
AttachmentsFri, Dec 13, 2:20?PM (5 days ago)
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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
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Dec 09 2024
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Branded Outlet Growth Arrested
EXXONMOBIL MARKETING METRICS
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Company Profile
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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.
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Nov 15 2024
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California Issues Refiner Death Sentence
NEW LAWS PUSH INDUSTRY TO THE BRINK
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Refining
Regulations
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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.
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Nov 05 2024
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Shell Rationalizes Refining Business
NORCO IS LAST REMAINING U.S. PLANT
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Company Profile
Refining
Market Share
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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.
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Oct 23 2024
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Post-Auction Future Still Foggy
CITGO SOLD FOR A SONG
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Company Profile
Mergers/Acquisitions
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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.
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Oct 17 2024
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A Dearth of Customers
ECONOMICS OF E-CAR CHARGING STATIONS
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Regulations
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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.
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Sep 24 2024
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Refiner, Marketer, Retailer
MOTIVA SHARE DECLINING
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Market Share
Company Profile
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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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Sep 18 2024
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Weak Economy Taking Toll
GASOLINE DEMAND FALTERING
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Demand
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Gasoline demand has reversed to the downside so far in 2024 despite lower fuel prices. Headwinds include a sluggish jobs market and increasing vehicle efficiency. In August, the Bureau of Labor Statistics (BLS) said it will revise employment 818,000 jobs lower than had been reported during 12 months ending March 2024.
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Aug 29 2024
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Shift Toward Merchant Status
GROWTH VALERO STYLE
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Company Profile
Market Share
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Valero's U.S. gasoline market share is gaining despite hemorrhaging branded outlets. The nation's second largest refiner is building clout via unbranded gallonage and expanding refining capacity. Unfortunately, Valero is also under assault from California's attempt to control refining margins.
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