Industry Analysis & Industry Trends
Industry performance tends to fluctuate widely, in line with crude oil prices and competitors' offerings. Fuel dealers can pass on product price increases or decreases to customers, which causes industry revenue to react accordingly. Consequently, as the world price of crude oil dropped during the recession, so did industry revenue. The price of crude oil is expected to continue to decrease, hurting industry operators. However, an improving overall economy will boost revenue and lead to modest industry growth... purchase to read more
Industry Report - Industry Products Chapter
The Fuel Dealers industry mainly sells propane and heating oil. Operators also sell small quantities of diesel fuel, regular unleaded gasoline and other types of liquefied petroleum gas.
Propane accounts for the largest share of industry revenue, at an estimated 38.6% of the total. Propane is produced from the refinement of crude oil and processing of natural gas, and is used primarily for water and central heating and outdoor cooking. This product's share of industry revenue has increased over the past five years. While propane prices are lower than they were five years ago, high consumption due to the harsh winter of 2013-2014 has boosted revenue earned from propane sales this year... purchase to read more