The US gasoline stations industry's gross output is forecasted to grow from $106.97 billion in 2024 to $112.49 billion by 2028. This represents a steady year-on-year growth, with an average annual increase of approximately 1.2% over the five-year period from 2024 to 2028. The data indicates a consistent and gradual rise in industry output.
Future trends to watch for include:
- The impact of advancements in electric vehicles on gasoline demand.
- Potential regulatory changes regarding fossil fuels.
- Fluctuations in global oil prices affecting gasoline prices and industry output.
