Gasoline & Petroleum Wholesaling in the US - Industry Market Research Report

Gasoline & Petroleum Wholesaling in the US - Industry Market Research Report

  • June 2019 •
  • 33 pages •
  • Report ID: 198880 •
  • Format: PDF
Filling up: Petroleum product prices are projected to increase as demand for fuel expands worldwide

Abstract

Gasoline & Petroleum Wholesaling in the US
Operators in this industry purchase petroleum products directly from bulk stations and sell them to retailers, including gas stations, car parts retailers, warehouses, supermarkets, manufacturers and natural gas retail distributors. Over the five years to 2019, the industry has experienced volatile conditions. Increased global economic activity provided the basis for gains in crude oil product demand, resulting in high crude oil prices at the beginning of the period. Still, the world price of crude oil declined in 2016 due to rising domestic oil production and slowing demand from emerging economies. However, the world price of crude oil is expected to rebound in 2018, driving industry revenue up again. Over the five years to 2024, petroleum product prices are projected to increase as the global economy gains steam and demand for fuel expands. Hybrid vehicles and technology could potentially constrain industry revenue growth, but this trend is anticipated to have a marginal effect on industry revenue during the five-year outlook period.

The US Gasoline and Petroleum Wholesaling industry distributes most of the same products as the Gasoline and Petroleum Bulk Stations industry (IBISWorld report 42471), but on a smaller scale. Operators in this industry purchase petroleum products directly from bulk stations and sell them to retailers, including gas stations, car parts retailers, warehouses, superstores and supermarkets, manufacturers and natural gas retail distributors.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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