Posted on 09/27/2024 12:53:40 PM PDT by Signalman
One of America's LARGEST gas station chains is gearing up to close over 1,000 locations nationwide between 2024 and 2025. Yes, you read that right—over 1,000! But don’t worry, they’re not just pulling the plug and leaving us high and dry. This move is part of a massive shift as the company pivots toward the future of transportation. Who’s behind this gas station shakeup?
WHO’S CLOSING SHOP? Shell, the oil and gas giant we all know, is planning to close a significant number of its gas stations, with California, Utah, and Nevada set to feel the impact. California alone has more than 1,100 Shell locations, while Nevada boasts over 1,000. Utah isn’t off the hook either, with 54 stations scattered across the state. So, what's the deal? Shell is all-in on the electric vehicle revolution. They’re aiming to install around 70,000 EV charging stations by 2025 and an ambitious 200,000 by 2030!
WHAT ABOUT THE SURVIVORS? For those Shell stations that escape the chopping block, things are looking up. These remaining stations will get fancy upgrades, from spruced-up retail spaces to expanded EV charging options and more convenient offerings. So, if your local Shell is sticking around, it’s about to get a serious facelift.
WHICH STATIONS ARE GETTING AXED? So far, Shell hasn’t spilled the beans on which specific locations will be shuttered. The announcement is still under wraps, leaving many to speculate that California, with its dense concentration of Shell stations, will likely see the most closures. Nevada and Utah may also see some of their Shell spots disappear.
Back in 2023, Shell USA bought out the charging company Volta, adding over 3,000 charging stations across 31 states to their portfolio. They’ve got another 3,400 stations currently in the works. So, while some Shell stations are bidding us farewell, it’s clear the company is steering full speed ahead into the electric future.
You can always tell the Dutch but you can’t tell them much!
No, they are evil and the enemy of Western civilization.
They know eliminating consumer demand for petroleum based energy makes it economically impossible to maintain the numerous refineries and supply chain elements which will be needed in wartime, once we lose them, we have surrendered to our enemies.
Modern war is a war of attrition of resources, you can't win unless you have a manufacturing base and energy supply superior to your opponent's.
shellfish...
Shell is obviously a real estate company and not an oil company.
So, what happens if more of the major players pull the same stunt? Got to be some Federal paybacks happening behind the scenes with Shell. By hook or by crook, the DEMs and many RINOs plan to remove us from our ICE vehicles.
HOW TO MAKE TWO MISTAKES IN A ROW DEI IN USE.
Shell stations are bidding us farewell, it’s clear the company is steering full speed ahead into the electric future.
The dominant share holders are vehement ESG types (Blackrock, Institutional Investors), and they will kill a company by dumping shares if the managers of companies they don't want around refuse to do it themselves.
“Shell has quality gasoline.”
I like their premium gas, been running it for 15 years in the Taco, it runs just like new today.
.
It’s probably not a mistake. The gas business is hard. Margins on gas are minuscule to negative. Tons of competition. Tons of regulation, constantly changing regulation causing you to have to buy new tanks and pumps before they’ve aged out constantly, plus of course the regulation is layers, different states, different counties, different, different rules. The real money in getting people in some sort of store, the bigger the store the better. Which is why so much of the competition is mega convenience and grocery stores. Any location they can’t do that with has been losing money and getting propped up by other stores. Eventually you gotta cut them loose, those stores are never going to get profitable.
Their due diligence is insane, so many vehicles per day on that interstate, so many miles away from the competition. They have brilliantly chosen many 'gap' exits where the next stop is 17, 20, 28 miles.
IF they ever stepped out West, I could see them going into Utah under the exact right conditions. But they are dedicated to filling in the blanks in the SEC right now.
It might literally be a decade before they go any further west of New Braunfels, a neat town but which isn't even all the way to San Antonio.
I think that’s the model Shell is aiming for.
They are going to close older stations in small and medium communities and enlarge the remaining ones in the most populated areas with more services and bigger retail snack stores.
The older stations in small towns are almost all ADA non compliant and require 10’s of 1000’s of dollars in upgrades to their tiny little bathrooms. Their tanks are old, some leaking and the EPA is all over them. They are shuttering their liabilities and building new assets.
This of course will create a bathroom desert if you need to make frequent stops.
There are THREE oil companies that dominate the west coast. Chevron, Exxon, and Velero. They team up to control gas prices esp in California.
"Mortimer, sell, sell, sell."
Those who remain will get rich sooner
Man, I hope they don’t close the one 15 miles from me. (or some other company buys it and keeps it open). It is the only gas station nearby. The next closest is 30 miles.
California is afflicted with a very weak and unreliable electrical supply (due to the communist policies of its politicians shutting down or blocking almost all energy supply development while its population tripled)
plus, California is afflicted with the highest electrical rates in America (due to the longstanding corruption in its politics and socalled utility “regulation” — which stinks sky-high and has done so for many years)
anyone trusting to the California electrical system to charge his/her car... needs their head examined
Good to know. That is the westbound after the welcome center.
That’s OK. CEFCO is opening stores rapidly
Damn, drove that stretch back in July!!! Was visting my oldest son in SE TN.
The convenience store chain 711 has been getting into the gas station business more and more.
https://www.wcvb.com/article/speedway-becoming-7-eleven-after-21-billion-deal/33501439
Meanwhile, gas station buildings, which are too small and too weird shaped to do much with, are being converted into trendy restaurants:
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