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Lundberg Letter subscribers, do you need to help others better understand issues and facts confronting your business? When distribution of one of our back issues is important in your communications efforts, please contact us. Corporate and association leaders and others have had us email or print and mail bulk copies to board members, conference attendees and/or other audiences over the years. Sometimes we can do this gratis. Call Crystal Vance, 805-383-2400.
Lundberg Letter Current Issues    
Issue DateTitleSubjectsCAPTION
Apr 22 2024
Marathon, Post-Speedway
VITAL STATS FOR TOP U.S. REFINER
Market Share

Company Profile

Marathon sold its Speedway division to 7-Eleven in 2021. Three years on, how is Marathon faring? It continues to hold the nation's top gasoline market share despite jettisoning its retail division. In a cruel twist, retail margins have exploded higher since Speedway was sold, enhancing 7-Eleven's coup. Herein we update vital statistics for the nation's biggest refiner.
Mar 19 2024
More Motorists, Lower Price
WHY 2023 GASOLINE DEMAND NOTCHED UP
Demand



Gasoline demand increased 1.5% in 2023 according to Lundberg data which tracks taxable gasoline sales monthly, by state. Tailwinds last year included declining retail prices, a growing population of motorists, and a growing jobs market. The U.S. Dept. of Energy, meanwhile, is still forecasting a collapse in demand by 2030. We beg to differ. Main finding: U.S. gasoline demand has not peaked.
 

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