Convenience Stores: Monthly fuel and inside store c-store spending in May

Research evidence excerpt

Convenience Stores: Monthly fuel and inside store c-store spending in May

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Convenience Stores

Monthly fuel and inside store c-store

spending in May

Industry Overview

Aggregated fuel spending +26% in May 11 June 2026

According to Bank of America (BAC) aggregated credit and debit card data, total credit Equity

card spending on fuel per household (HH) climbed +26.2% YoY in May, accelerating from United States

April’s +19.9% and following March’s +15.4%. The increase in fuel-related credit card Convenience Stores

spending is driven by elevated fuel prices, stemming from the on-going conflict in the

Middle East. For a detailed discussion of methodology, disclaimers, and limitations

related to BAC’s aggregated credit and debit card data, please refer to the latest BofA

on USA report May retail sales: May-be we can keep spending. In 2025, fuel accounted

for 58% of total US convenience store (c‑store) industry sales, according to the National

Association of Convenience Stores (NACS).

Lisa K. Lewandowski

More frequent visits and higher app usage ResearchBofAS Analyst

+1 646 855 4647

As fuel prices rose rapidly, we believe consumers initially responded by reducing gallons lisa.lewandowski@bofa.com

purchased per visit, downtrading fuel grades and increasing usage of c‑store‑specific Peter T. Galbo, CFA

rewards apps. (On its June 10 earnings call Casey’s General Stores’ mgmt. noted that Research Analyst

BofAS

fuel-related app usage increased 23% YoY in the 3M ended April.) Given inflationary +1 646 743 0175

pressures on many goods, we expect consumers to look for ways to conserve gas usage peter.galbo@bofa.com

but limited public transportation options in some areas present a challenge. Higher fuel Christian Junquera

Research Analyst