Fewer U.S. Gas Stations Close in 2008 Than Previous Year
Although gas station owners are reeling under high fuel costs and lower margins, the impact has yet to show in station closings
Park Ridge, Ill., October 28, 2008 ‘ NPN Magazine, a leading provider of marketing, merchandising and statistical information to the petroleum and convenience store industries, just released its highly anticipated NPN MarketFacts 2008, which includes an annual U.S. station count. Trusted for more than 50 years by petroleum marketers and convenience retailers, the comprehensive publication provides historical and up-to-the-minute facts, figures and trends on U.S. and international petroleum and c-store markets.
According to NPN MarketFacts 2008, the annual station count dropped by slightly over 2,500 from last year’s count bringing this year’s total to 161,768. This is in line with the continued but increased consolidation in the industry in the past year. ‘Although current market pressures, such as the high price of gasoline and inflation, are negatively impacting industry profits and sales, so far the impact is not being felt notably on the ground,” says Keith Reid, NPN Magazine’s editor-in-chief. ‘Anecdotal evidence suggests that the 2009 count may show more impact.”
NPN MarketFacts 2008 also revealed that ExxonMobil maintained its No. 1 position in total gasoline sales in the United States. The company reported that it sold over 24.5 billion gallons of gasoline, a relatively small growth in 2007 of .2 percent. Royal Dutch Shell continued to stay in the top spot for total amount of assets in 2007.
For more information or to purchase NPN MarketFacts 2008 and its companion CD, visit www.NPNweb.com or contact Debra Welter at (847) 720-5614 or firstname.lastname@example.org. Bulk orders are also available.
About NPN Magazine
Founded as National Petroleum News in 1909, NPN Magazine is the leading trade news publication serving the petroleum/convenience market. NPN Magazine reaches top executives and decision makers in convenience store chains, petroleum marketing firms, and oil company marketing departments. NPN Magazine has more than 27,500 management-level subscribers. NPN MarketPulse, NPN’s weekly digital newsletter, reaches more than 8,900 subscribers. NPNWeb.com averages 100,000 monthly visitors and 1.3 million monthly page views.