Blog Archives

Petaluma, becomes the first US City to ban new Gas pumps.

Posted by Timothy Haves on Mar 15, 2021 in Blog | Comments Off In an unprecedented move the City of Petaluma has banned the construction of new gas stations and the addition of gas pumps on existing stations. The City has a plan to achieve zero emissions by 2030 and are counting on electric cars to drive existing gas stations out of business. With 8 Stations currently south of the 101 serving a resident population of 60,000 plus the city are playing a...
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California Gas Prices on the rise

Posted by Timothy Haves on Mar 1, 2021 in Blog | Comments Off In the last 30 days the policy effects of the peoples new administration has been very evident when you fill up your car at the Gas Station. Suddenly the pump is stopping at $90 (the preset limit) and you have not filled your tank. We are racing towards $4.00 a gallon and that SUV is looking less and less attractive. “PRG Tip” Try using reward cards such as those uses by...
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Petroleum Realty Group seeks team members

Posted by Timothy Haves on Feb 26, 2021 in Blog | Comments Off The Gas Station and C-Store world is about to be turned upside down. Over the next 5-10 years we are expecting to see at least 10 % of the current inventory to be sold as an alternative use. Given that there are approximately 15,000 gas stations in CA there will be a lot of work for our sales teams. We are seeking self motivated individuals who already have a California Salesperson or Broker...
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Unbranded Gas Station for Sale , Santa Barbara CA

Posted by Timothy Haves on Feb 8, 2021 in Blog | Comments Off Petroleum Realty Group Inc. have listed 1502 San Andres Street in Santa Barbara for $2m. This unbranded facility is a rare opportunity to acquire land and improvements in an area of Santa Barbara called the Westside. Timothy Haves the President of Petroleum Realty Group Inc. quoted ‘There has been a gas station serving the community of Santa Barbara on this corner since 1927, I am pleased...
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How will Green politics effect my Gas Station

Posted by Timothy Haves on Feb 2, 2021 in Blog | Comments Off Earlier last month the Energy Information Agency reported that the US will now return to importing more crude and petroleum than it will export. This was huge news, as the agency had just reported the US did not import any Saudi Arabia crude for the first time in 35 years ……As America became less reliant on OPEC the prices at the pumps decreased in 2020 but margins remained...
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Should I sell my Gas Station

Posted by Timothy Haves on Oct 26, 2020 in Blog | Comments Off The quick answer is YES and here’s the reason why. The demand for Gas Stations has reached an all-time high. With little supply, we are seeing sales way above the normal multiples. Most of the buyers are betting on the value of the real estate increasing in the future so it’s a long-term play. We are not seeing as many loans as part of these transactions so much of what is trading is...
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