Insight
Retail fuels in brief: BP expands its retail footprint in the US
Report summary
BP has acquired TravelCenters of America (TCA) in its latest push towards retail expansion, with around 280 service stations for USD 1.3 billion. The European Oil Major not just re-entered the fully owned and operated US store business in 2021 but has been actively expanding ever since. In our report, we examine the reasons behind major companies' interest in the US retail market, the competitive position of the TCA network, and how truck refuelling fits into BP's strategy.
Table of contents
- Retailers struggling with low margins
- Low returns and a negative outlook for fuel demand - what is it in for the Majors?
- Conclusion
Tables and charts
This report includes 13 images and tables including:
- United States heavy truck sales forecast by powertrain
- Weighted average European gasoline retail price
- Weighted average European diesel retail price
- Italy monthly average gasoline prices
- UK monthly average gasoline prices
- Italy monthly average diesel prices
- UK monthly average diesel prices
- Weighted average European gasoline gross retail margins
- Weighted average European diesel gross retail margins
- Italy gasoline gross retail margins
- UK gasoline gross retail margins
- Italy diesel gross retail margins
- UK diesel gross retail margins
What's included
This report contains:
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