Industry Analysis & Industry Trends
Over the past five years, a thick smog has descended on the Petrol Stations industry, as operators tried to navigate through increasing oil prices and vigorous competition. Soaring oil prices early in the period led to sharp increases in transport fuel costs and stagnating demand. Although oil and fuel prices declined during the recession, weak activity and fears of future price increases curbed retail fuel sales. There has also been an ongoing switch to diesel-powered cars offering better fuel economy. This has damaged the industry as motorists are able to drive further on less fuel. The market is completely saturated, with a large number of firms holding a similar share... purchase to read more
Industry Report - Industry Analysis Chapter
Firms in this industry have been spinning their wheels in the face of large swings in the price of crude oil and intense competition. Despite great volatility, the underlying price trend has been upwards, and that movement, combined with growing environmental concerns and recession, resulted in lower retail fuel volumes. Although motor vehicle registrations have expanded slowly over the past decade, people are driving their cars less, substituting in favour of rail or coach travel. The industry is ferociously competitive, with a number of firms possessing similar shares of the market. Operators are faced with a fully saturated market, which has forced a select few into a loss-making position, and expelled significant player Texaco from the industry... purchase to read more