Which Gas Station Is the Richest?

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Gas Station Industry Overview

  • The US gas station industry has a market size of $138.3 billion as of 2022.
  • There are over 145,000 gas stations across the US.
  • Gas stations and convenience stores bring over $400 billion revenue cumulatively each year.
  • The global gas station market is projected to grow at 4% CAGR through 2027.

Historical Facts

  • 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.

Major Gas Station Chains

  • 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.
  • Chevron follows with a revenue of $246.25 billion.
  • Exxon Mobil is the largest gas station 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.

Gas Prices

  • The highest grossing gas station in America is the Arco station near the Las Vegas Strip in Nevada.
  • California has the most expensive gas in the nation, while Mississippi has the cheapest.

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