One of the most widely used fuels worldwide is gasoline, and the United States is one of the biggest consumers of this fuel worldwide. With that in mind, it comes as no surprise that there are several gas stations across the nation, some of which are more well-known than others. So, who in the US sells the most gas?
The National Association of Convenience Stores (NACS) reports that Speedway was the top-selling chain of gas stations in the US in 2019. Marathon Petroleum owns Speedway, which has more than 4,000 outlets across the US. Shell was the second-highest selling chain, followed by BP, Exxon, and Chevron.
Let’s now explore the financial side of operating a petrol station. Gas pricing, location, competition, and other elements can all affect how much money a gas station produces. Gas stations often make between $1,000 and $2,000 per month in profits. However, the aforementioned variables can cause this figure to increase or decrease.
A gas station’s profit margin might also differ, however it normally falls between 2 and 5%. This indicates that the gas station makes a profit of 2 to 5 cents for each gallon of fuel sold. Even though it might not seem like much, if the station sells a lot of petrol each day, the cost can build up rapidly.
What sort of profit are petrol stations making each gallon, then? Again, depending on a number of variables, gas stations often make between 10 and 15 cents per gallon. Depending on the price of gasoline at wholesale, government taxes, and local competition, this figure may increase or decrease.
The top-selling chain of gas stations in the US is Speedway, which is followed by Shell, BP, Exxon, and Chevron. With a 2-5% profit margin, gas stations typically make $1,000–$2,000 in profit per month. Last but not least, gas stations make between 10 and 15 cents per gallon in profits, though this figure varies based on a number of variables.
A gas station’s location, prices, the caliber of its goods and services, the usefulness of its amenities, and the caliber of its customer service are just a few of the variables that might determine its success. High-traffic locations, competitive pricing, pristine and well-maintained facilities, and courteous and competent staff members all work to draw more customers and increase sales at gas stations. The success of petrol stations can also be increased by adding extra services like vehicle washes, convenience stores, and a variety of food and drink alternatives.