Industry Trends and Market Outlook Resilient but transforming industry: The U.S. fuel retail industry remains huge – gas stations with convenience stores generated about $522.3 billion in revenue in 2025 (after modest 0.8% annual growth over five years). Pure fuel stations (without attached stores) added roughly another $121.0 billion in 2025. However, growth has been modest or flat, and the number of fueling outlets has been slowly declining as the market consolidates (a