Step on it: Revenue will rise as oil prices stabilize and demand for industry products grows

Given that the industry serves as a conduit between petroleum refiners and markets further downstream, the industry's performance is intimately linked to the supply of and demand for petroleum and petroleum products. Consequently, industry revenue fell sharply at the end of 2014, as collapsing oil prices driven by strong North American production and weak global demand caused a subsequent sharp drop in the prices of industry products. At the beginning of this period, industry revenue is estimated to have fallen 1.9% in 2014, 34.7% in 2015 and 9.5% in 2016. As a result of the industry's recent decline, revenue is forecast to fall at an annualized rate of 7.3% over the five years to 2018...purchase to read more.

Industry Statistics & Market Size
Revenue
$651bn
Annual Growth 13-18
-7.3%
Forecast Growth 18-23
Profit
Employment
89,620
Businesses
6,295

Industry Threats & Opportunities

  • The industry’s performance is intimately linked to the supply of and demand for petroleum
  • Bulk storage capacity for petroleum products has grown closer to full capacity
  • The Gasoline and Petroleum Bulk Stations industry is expected to return to stronger growth
  • Industry Report - Industry Locations Chapter

    Gasoline and petroleum bulk station wholesalers are spread throughout the United States, supplying a range of commercial, industrial, government and residential customers. The relative geographic spread of industry establishments is dependent on the regional demand for and supply of crude oil and petroleum products. Areas of high population and substantial economic activity demand more crude oil and petroleum products for use in electricity generation, industrial production and for transport fuel (in the form of gasoline and diesel fuel). Areas with many highly-trafficked airports conversely demand large quantities of jet fuel. Con...purchase to read more.

    Additional Insights for the Gasoline & Petroleum Bulk Stations Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gasoline & Petroleum Bulk Stations 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 Demand from gasoline and petroleum wholesaling in the Gasoline & Petroleum Bulk Stations industry impact industry performance..

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    What's in this report

    What is the Gasoline & Petroleum Bulk Stations Industry?

    Companies in this industry operate bulk crude oil, gasoline and other petroleum products storage facilities for the resale of these products to smaller petroleum distributors, gasoline stations, petroleum refiners and other downstream markets.

    Industry Products
  • Motor gasoline
  • Distillate fuel oil
  • Hydrocarbon Gas Liquids
  • Jet fuel
  • Asphalt and Road Oil
  • Crude oil
  • Other products
  • Industry Activities
  • Sale of crude petroleum, oil
  • Sale of liquefied petroleum gas
  • Sale of motor gasoline
  • Sale of distillate fuel oil (lighter fuel oils and diesel engine fuel)
  • Sale of jet fuel (naphtha-type and kerosene-type)
  • Sale of residual fuel oil (gasoline and diesel oil, lubricants, paraffin, asphalt and burning fuel) and kerosene
  • Sale of naphthas
  • Sale of petrochemical feedstock
  • Sale of unfinished oils
  • Sale of blending components
  • 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
  • Demand from gasoline and petroleum wholesaling
  • Demand from gas stations
  • Price of semiconductor and electronic components

  • Current Performance
  • Price volatility
  • Slowly expanding capacity
  • Profit pressures
  • Chart: Revenue Growth

  • Industry Outlook
  • Slower demand growth from gas stations
  • Rising global demand for oil
  • Profit pressures
  • Table: Gasoline & Petroleum Bulk Stations Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gasoline & Petroleum Bulk Stations Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Petroleum Refining
  • Gasoline & Petroleum Wholesaling
  • Gas Stations with Convenience Stores
  • Gas Stations
  • Refined Petroleum Pipeline Transportation

  • Key Selling Industries
  • Lubricant Oil Manufacturing
  • Oil Drilling & Gas Extraction
  • Petrochemical Manufacturing
  • Petroleum Refining
  • Refined Petroleum Pipeline Transportation
  • Specialized Storage & Warehousing

  • Products & Services
  • Crude oil
  • Hydrocarbon Gas Liquids
  • Motor gasoline
  • Distillate fuel oil
  • Other products
  • Asphalt and Road Oil
  • Jet fuel
  • Chart: Gasoline & Petroleum Bulk Stations Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Non-bulk petroleum and petroleum products wholesalers
  • Gasoline stations, petroleum refiners and other fuel dealers
  • Airports, electric generators and other markets
  • Chart: Major Market Segmentation for the Gasoline & Petroleum Bulk Stations Industry

  • International Trade
    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 Bulk Stations

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gasoline & Petroleum Bulk Stations Industry

  • Industry Globalization
    Valero Energy Corporation, BP PLC,
  • Table: Valero Energy Corporation - financial performance
  • Table: BP PLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gasoline & Petroleum Bulk Stations 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 Bulk Stations Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Bulk Station
  • A facility used to store crude oil and petroleum products, typically consisting of tanks and with total capacity of between 10,000 and 50,000 barrels.
  • Liquefied Petroleum Gas (Lpg)
  • A flammable mixture of hydrocarbon gases used as a fuel, including gases such as butane and propane.
  • Petroleum Products
  • Products obtained from processing crude oil, natural gas liquids and blending stocks.
  • Terminal
  • A facility used to store crude oil and petroleum products, larger than a bulk station, typically with total storage capacity of over 50,000 barrels.
  • What Our Customers Say

    Why buy this report?

    The Gasoline & Petroleum Bulk Stations industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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 Bulk Stations:
    • 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 Bulk Stations 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 Bulk Stations, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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