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Long lines at C-stores for gas could boost in-store spending

  • There's an increasing rate of reports of long lines at convenience store outlets across the U.S. as consumers rush to find sub-$2.50 gas.
  • C-store chains are pricing aggressively in order to increase traffic into stores where margins tend to be higher.
  • The sector has been identified by retail analysts as likely to outperform in Q4 due to the spending boost provided by lower gas prices (you could ski down the chart of retail gas prices over the last three months). Some forecast in-store spending will pop.
  • Convenience store operators in the mix: Circle K (OTCPK:ANCUF), 7-11, Pantry (NASDAQ:PTRY), BP Connect (NYSE:BP), On the Run (NYSE:XOM), Speedway America (NYSE:MPC), Kwik Shop (NYSE:KR), Caseys General Stores (NASDAQ:CASY), and Qwiktrip.
  • Related: Let's talk $2 gas (Nov. 29 2014), Sub-$2 per gallon spotted as pump prices fall to 4-year low (Dec. 03 2014)

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ANCUF--
Alimentation Couche-Tard Inc.