Casey's earnings report shows fuel consumption on the rise

Casey’s earnings report shows fuel consumption on the rise
BY BUSINESS RECORD STAFF
Thursday, June 10, 2021 2:56 PM
Vehicle fuel consumption in Middle America is on the rise, a sign people are comfortable traveling instead of staying close to home because of the pandemic, an earnings report released this week by an Ankeny-based company shows.
“Same-store gallons sold were up significantly in the back half of the [fourth] quarter,” according to a news release on the company’s earnings.
Casey’s General Stores Inc., the convenience store chain whose headquarters is in Ankeny, sold 535.2 million gallons of gasoline in its fourth quarter that ended on April 30, according to the company’s quarterly and annual earnings report that was released this week. The fourth-quarter gas sales were 6.4% higher than the 487.7 million gallons sold during the same period a year ago, at the start of the countrywide economic shutdown caused by the outbreak of the novel coronavirus.

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