EZFL - What’s Fueling This New Development In The Gas Industry?
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There is a tension at the heart of the current gas market.
While 134.83 billion gallons of gas were consumed in 2021, the number of gasstations are in decline. Since the 1990s, their numbers have plummeted from over 200,000 nationwideto around 145,000. Part of this is the result of the rise of electricvehicles (EVs), sales of which passed 10% of total car sales for the first time in the last quarter of2021.
However, with 285.9 million light vehicles on U.S. roads compared with 1 millionEVs, gas is still a major part of America’s future. Gas stations still sold over $101 billion in fuel in 2020, and their decline represents a larger disruption in the market. One part of this disruption is themobile-fuel industry, which delivers gas hassle-free to yourvehicle. EzFill Holdings Inc. (NASDAQ: EZFL) is positioningitself to be a leader in the disruption of the traditional, retailfuel industry.
Mobile fuel is a new initiative, resulting from a growing trendof delivery companies that have undercut traditional industries. Theon-demand market, which delivers goods and services that traditionallyrequired the customer to go out, swept Uber Technologies Inc. (NYSE: UBER) into the taxi service, DoorDash Inc. (NYSE: DASH)into the restaurant industry and Airbnb Inc. (NASDAQ: ABNB)into hospitality.
Now, companies likeEzFill are bringing on-demand gas to fuel the nation. The process isstraightforward: The customer downloads the user-friendly EzFill app andcreates a profile; whenever they need a refuel they place an order,pin the location of their vehicle and leave the gas door ajar.Miami-based EzFill claims it is the only mobile gas company to fuel three vertical segments ofregular consumers, commercial fleets (trucks, rentals, essentialservices) and specialty vehicles such as heavy machinery andboats.
Filling A Gap In The Market And The Tank Of A Car
Concerns about theenvironmental impact of gas emissions continue, as just this year aCalifornia city became the first to ban the creation of new gas stations within its citylimits. The constantly fluctuating gas prices have also contributed togas station decline, as the uncertainty has squeezed a largely unconsolidated retail fuel market. Major fuel providers will be looking to more streamlined options to thebrick-and-mortar model as a way to cut costs.
However, another majorfactor has been the drive among various industries toward the increasingly popular delivery-as-a-service (DaaS) industry model.DaaS is characterized by customer convenience, givingtechnology-enabled efficient delivery services for consumers living ina post-COVID world. From Instacart grocery delivery to Amazon.com Inc. ’s (NASDAQ:AMZN) 100,000 new drivers and staff, the DaaS model is changing theface of the market.
EzFill is proactive in seeking to lead the market change in thefuel industry. With 3.6 million gallons of fuel delivered andcounting, the company is now planning to move beyond Florida andexpand into five new states. EZFill already beats the industry average with its margin per gallon, as it competesalongside other companies operating in the mobile fuel market, likeFilld and Booster. Uniting convenience with efficiency and acustomer-driven model, EZFill is poised to take a lead in theon-demand fuel delivery industry.
What's the future of filling up gas tanks? IfCOVID taught the market anything, it is that the customer is king, anddelivery as a service is the straightest path to the customer’sheart.
To learn more about EzFill,visit its website .
EzFill is aleader in the fast-growing mobile fuel industry, with the largestmarket share in its home state of Florida. Its mission is to disruptthe gas station fueling model by providing consumers and businesseswith the convenience, safety, and touch-free benefits of on-demandfueling services brought directly to their locations. For commercialand specialty customers, at-site delivery during downtimes enablesoperators to begin their daily operations with fully fueled vehicles.
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