Gas Station Industry Overview
The largest gas station chain in the U.S. is Exxon Mobil, with a revenue of $413.68 billion. Shell is the second most popular with a revenue of $386.20 billion, followed by Chevron with a revenue of $246.25 billion.
California has the most expensive gas prices in the nation, while Mississippi has the cheapest. The first dedicated gas station was established in St. Louis, Missouri in 1905. In 1907, the first service station was installed by Standard Oil of California (now Chevron) in Seattle, Washington. Frank Urich opened the first modern self-serve gas station in Los Angeles in 1947.
The highest grossing gas station in America is the Arco station located near the Las Vegas Strip in Nevada. Exxon Mobil is the largest gas station chain in 18 U.S. states and territories based on the number of locations. Buc-ee’s in New Braunfels, Texas is considered the world’s largest gas station.
Market Growth and Revenue
Across the country, there are over 100,000 gas station and convenience stores which bring a cumulative revenue of over $400 billion each year. The global gas station market is projected to grow at 4% CAGR through 2027.