The Economy of Gas Station Businesses

Gas station businesses are doing well financially in the United States. According to the National Association of Convenience Stores, gas station sales totaled $637 billion in 2020, a 3.2% increase from 2019. This growth was driven by increased demand for fuel and other convenience store products such as snacks and beverages. Additionally, gas station owners have seen an increase in profits due to the rise in fuel prices over the past few years.

The Pros and Cons of Gas Station Businesses

Opening up a gas station, while seemingly daunting, can be a profitable and rewarding business venture if done correctly. Given the vital necessity of gasoline and convenience items in this age, individuals who venture into becoming independent gas station owners may find themselves having a steady demand for their products.