The latest traffic volume trends from the Federal Highway Administration show that the pandemic pause is over when it comes to Americans hitting the highway.
Figures released in October show that through August, cumulative travel for 2021 was up 12.2 percent with 2,068.8 billion vehicle miles of travel, an increase of 224.4 billion vehicle miles from the previous year.
Even more encouraging is that vehicle miles traveled by all vehicles on all interstate highways for the week ending Oct. 24, 2021, was up from pre-pandemic levels with 16.4 billion vehicles, a 1 percent increase from the same week in 2019.
Convenience Store News reports that, “after a tumultuous 2020 for holiday travel, airports and roads will be more jam-packed this year as travelers make their way to their Thanksgiving destinations.”
40 Million Americans Refuel Every Day
The National Association of Convenience Stores (NACS) estimates that some 40 million Americans need to refuel their vehicles every day.
To meet this demand, according to the NACS, the convenience and fuel retailing industry employs 2.5 million people in the U.S. – from store clerks to truck drivers – and generates about $550 billion in sales.
The 152,000 convenience stores nationwide account for 80 percent of fuel purchased.
9 Daily Behaviors at the Pump
The NACS is 2019 examined the habits of gas-buying customer and found nine trends among gas-buying customers:
For the past two years, mid-day between 10 a.m. and 3 pm. has been the most popular time to fill up. Women (40 percent) and Baby Boomers age 65+ (61 percent) were the groups most likely to stop by the pump mid-day. For all groups the time they often purchased gas was:
Millennial drivers more than any other age group (68 percent) decided on where to refuel by looking at the store’s gas sign. For all age groups the decision was based on:
The popularity of cash as payment continued to decline while younger drivers such as Millennials prefer debit cards (52 percent) and older drivers such as Baby Boomers prefer credit cards (68 percent). Women were also more likely to use debit cards (43 percent) than men (35 percent). Overall method used to pay for gas:
Most drivers opt to top off their tanks when they stop for gas, especially Baby Boomers with 90 percent filling it up, compared to just 60 percent of consumers under the age 35. Behavior among all age groups:
Men are more likely (52 percent) than women (36 percent) to go inside the convenience store when buying gas. When customers do go inside the store, here is what they typically purchased:
Some drivers prefer to buy gas first (41 percent) before going in the store, while others go inside the store (58 percent) and then buy their gas. There were regional variations with Midwesterners twice as likely (57 percent) to buy gas first than those in the west (29 percent). Drivers age 65+ were also more likely to buy gas first (55 percent) than those under age 35 (39 percent). Almost half of drivers leave their vehicle at the pump (45 percent) while going inside the store while 34 percent repark after fueling and 20 percent go inside the store while actively fueling at the pump.
Most of the food, snacks and beverages bought at convenience stores are consumed quickly with 83 percent gone within the first hour of purchase. Where they eat and drink what they bought:
Contact PWM today to find out how our high-quality electronic price signs can capture the attention of the gas-buying customers.