Here’s a fascinating infrastructure story from Crain’s New York’s Brian Chappatta: Manhattan is running out of gas stations. Chappatta profiles the dying breed of fill stations on the isle of New York county. Once upon a time back in 2009, there were 58 gas stations in Manhattan, and now there are just 41. Only four gas stations remain that are both south of 96th Street and east of 10th Avenue.
As Crain’s notes, two factors have driven gas stations out of business: midtown real estate value and the high costs of delivering fuel to the island. “It’s just a sign of the times,” Faith Hope Consolo, chairman of retail leasing at Prudential Douglas Elliman, said. “Selling off gas stations accelerated at the height of the market before the downturn, and now it’s picking up again. As money gets freed up and development moves forward, once again we’ll see some of those sites being bid on.”
Eventually, more gas stations will close as the land they sit on grows more valuable, and gas prices will increase in Manhattan. As long as cars (and non-hybrid taxis) remain a prominent part of the city’s transportation network, consumers will have to pay more as gas prices increase. The decline of gas stations should, however, create an opening for New York to become a potential leader in the electric vehicle field. After all, plug-in stations are far more flexible and take up far less real estate than a traditional filling station.