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The Association for Convenience & Fuel Retailing

Introduction

​Nearly 40 million Americans fill up their gas tanks on a daily basis, oftentimes searching for a good price and convenient location. There is arguably no product that consumers think more about on a daily basis — yet at the same time is so misunderstood. Because U.S. convenience stores sell an estimated 80% of the gasoline purchased, NACS wants to demystify how the market works — from the time crude oil is extracted from the ground to when fuel flows into a consumer’s gas tank.

The 2015 NACS Retail Fuels Report continues our tradition of providing a fact-based analysis of market dynamics to explain how gas is sold and the composition of the retail fuels industry. This resource is updated throughout the year online, with monthly consumer survey data added throughout 2015 as well as a number of new backgrounders.  

As 2015 began, oil and gas prices were at six-year lows, and while consumers were delighted with lower prices, that could change as supply and demand shift, whether from world events or from the annual spring transition to summer-blend fuel.

For more than a decade, NACS has timed the launch of this resource to occur in early February. The reason is simple: The first week of February traditionally marks the beginning of the spring transition to summer-blend fuels for the petroleum industry. Since 2000, gasoline prices have increased, on average, more than 50 cents between the first week in February and the time of the seasonal high price, typically in late May. While the circumstances may be different year-to-year, the overall pattern in the petroleum markets is surprisingly familiar.

This resource was developed to help facilitate an open discussion about the issues impacting supply — and prices — through a better understanding of the retail fuels markets and help ease frustrations that consumers often experience when gasoline prices increase.

And, most importantly, we hope this resource can help provide insights and expertise on discussions that address the U.S. motor fuels industry.

 

 Contact

 

​If you have a question about the fueling industry that you would like answered, please contact Jeff Lenard, V.P., Strategic Industry Initiatives at NACS.

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