America's gas stations and convenience stores grapple with an uncertain future

www.cnbc.com

I’ve been reading about the impact of COVID-19 on retail and commerce, particularly those businesses deemed ‘non-essential’. I stumbled in to this article about gas stations and convenience stores that I found fascinating. For much of their history, gas stations and convenience stores have been small, often independent businesses. But the industry is quietly undergoing changes brought about by shifts in technology, consumer tastes, and now COVID-19 keeping people in doors. A few fun facts:

  • 93% of Americans live within a few minutes of a convenience store
  • One out of three stores in the US is a convenience store
  • 80% of convenience stores are fast stations
  • More than 60% of convenience stores are independently owned

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