5 things to know about convenience stores like Speedway

7-Eleven purchased the locally headquartered company

Credit: DaytonDailyNews

Speedway convenience stores and gas stations are now owned by 7-Eleven Inc., which purchased the company from Marathon Petroleum Corp., for $21 billion in May 2021.

Speedway’s corporate headquarters was in Clark County near Enon in a facility now renamed the Enon Store Support Center by 7-Eleven, which cut hundreds of jobs at that location.

Here are 5 things to know about convenience stores:

1. 7-Eleven, whose parent company is based in Tokyo, Japan, has the largest market share in the growing U.S. convenience store sector.

2. There are 150,174 convenience stores in the U.S., 79% of which also sell motor fuel, as does Speedway, according to the National Association of Convenience Stores/Nielsen Convenience Industry Store Count.

Store types-2022-2023-U.S.

Credit: Mark Freistedt

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Credit: Mark Freistedt

3. The top ten states for number of convenience stores includes Ohio, which has 5,673 and ranks 7th, the data show.

4. Convenience stores sell about 80% of the motor fuels purchased in the United States, according to the National Association of Convenience Stores/Nielsen Convenience Industry Store Count.

Convenience stores-Top 10 States 2023

Credit: Mark Freistedt

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Credit: Mark Freistedt

5. The number of gas station/kiosk stores, which sell fuel but do not have enough in-store products to be considered convenience stores, totaled 13,346, declining 11.2% the past year and 49.3% over the past six years, the data show.

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