Pumpin' for the man: As the price of crude oil returns to growth, industry revenue will rebound moderately

The performance of the Gasoline and Petroleum Wholesaling industry in Florida is strongly shaped by the health of the oil and gas sector as a whole. The oil and gas sector experienced a significant downturn starting in mid-2014, the effects of which are still trickling down to industry operators. The increased adoption of innovative production methods, such as hydraulic fracturing and directional drilling, have flooded the market with inexpensively produced crude oil and natural gas. The resulting oil glut has slashed prices of gasoline and petroleum products worldwide. In turn, the revenue among gasoline and petroleum product wholesalers in Florida has been plummeting over the five years to 2017...purchase to read more.

Industry Statistics & Market Size
Revenue
$26bn
Annual Growth 12-17
-6.0%
Forecast Growth 17-22
Profit
Employment
1,285
Businesses
113

Industry Threats & Opportunities

  • Profit margins have improved during the five-year period, as industry operators’ purchase costs have subsided
  • Rising automation has prompted industry operators to lay off staff to control operating costs
  • The price of crude oil is projected to recover from recent lows due to strengthening demand
  • Industry Report - Starting a New Business Chapter

    Barriers to entry in the Gasoline and Petroleum Wholesaling industry in Florida are moderate. On one hand, the industry is highly regulated, which progressively drives up operating costs for industry incumbents. Specifically, operators require detailed knowledge of relevant federal and state government regulations to ensure that they meet the required standards. Additionally, the highly competitive nature of the industry adds another barrier to entry. The significant level of capital intensity serves as yet another deterrent to potential entrants. At the same time, market share concentration level is low, which means there are no clear market leaders shaping up industry operations...purchase to read more.

    Additional Insights for the Gasoline & Petroleum Wholesaling in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gasoline & Petroleum Wholesaling in Florida Industry are

  • Ability to pass on cost increases
  • Guaranteed supply of key inputs
  • Must comply with government regulations
  • IBISWorld analysts also discuss how external factors such as World price of crude oil and Total vehicle miles in Florida in the Gasoline & Petroleum Wholesaling in Florida industry impact industry performance..

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    What's in this report

    What is the Gasoline & Petroleum Wholesaling in Florida Industry?

    The Gasoline and Petroleum Wholesaling industry in Florida 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.

    Industry Products
  • Gasoline
  • Distillate fuel
  • Other petroleum-based products
  • Industry Activities
  • Bottled liquid petroleum gas wholesaling
  • Fuel oil wholesaling
  • Gasoline wholesaling
  • Distillate fuel oil wholesaling
  • Lubricating oil and grease wholesaling
  • Petroleum coke wholesaling
  • Naphtha wholesaling
  • White spirits wholesaling
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of crude oil
  • Total vehicle miles in Florida
  • World production of oil
  • Price of diesel

  • Current Performance
  • Falling price of crude oil contributes to an industry downturn
  • Improvements in profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Mixed demand conditions
  • Profit trends
  • Table: Gasoline & Petroleum Wholesaling in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gasoline & Petroleum Wholesaling in Florida Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Auto Parts Stores
  • Supermarkets & Grocery Stores
  • Gas Stations with Convenience Stores
  • Gas Stations
  • Warehouse Clubs & Supercenters

  • Key Selling Industries
  • Gasoline & Petroleum Bulk Stations
  • Oil Drilling & Gas Extraction
  • Petroleum Refining
  • Refined Petroleum Pipeline Transportation

  • Products & Services
  • Gasoline
  • Distillate fuel
  • Other petroleum-based products
  • Chart: Gasoline & Petroleum Wholesaling in Florida Industry Products and Services Segmentation

  • Major Markets
  • Wholesale resellers
  • Gasoline retailers
  • Commercial and residential users
  • Specialist retailers
  • Industrial sector
  • Chart: Major Market Segmentation for the Gasoline & Petroleum Wholesaling in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Gasoline & Petroleum Wholesaling in Florida

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gasoline & Petroleum Wholesaling in Florida Industry

  • AmeriGas Partners LP, Edison Oil Company, Harbour Petroleum Corp. of Brevard Inc., Sunshine Gasoline Distributors Inc.,
  • Table: AmeriGas Partners LP - financial performance
  • Table: Edison Oil Company - financial performance
  • Table: Harbour Petroleum Corp. of Brevard Inc. - financial performance
  • Table: Sunshine Gasoline Distributors Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gasoline & Petroleum Wholesaling in Florida Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Gasoline & Petroleum Wholesaling in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total vehicle miles in Florida (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Bulk Station
  • A station that holds more than 10,000 gallons of petroleum products, typically for a retailer that then sells them to end users.
  • Gasohol
  • A mixture of gasoline blended with ethanol.
  • Liquefied Petroleum Gas
  • A flammable mixture of hydrocarbon gases used as a fuel; also called GPL, LP gas or autogas.
  • Petroleum Products
  • Products obtained from processing crude oil, natural gas liquids and blending stocks.
  • Terminal
  • A bulk storage facility for crude oil and petroleum products.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Gasoline & Petroleum Wholesaling in Florida provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Gasoline & Petroleum Wholesaling in Florida:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Gasoline & Petroleum Wholesaling in Florida market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Gasoline & Petroleum Wholesaling in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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