Big tank: Petroleum product prices are projected to increase as demand for fuel expands worldwide

Over the five years to 2018, the industry has experienced volatile conditions. Immediately following the recession, crude oil prices spiked due to increased global economic activity and the expansion of emerging economies. This provided the basis for gains in crude oil product demand. Still, crude oil price growth has moderated substantially as a result of rising domestic oil production and slowing demand from emerging economies. Over the five years to 2023, petroleum product prices are projected to increase as the global economy gains steam and demand for fuel expands worldwide. Hybrid vehicles and technology could potentially constrain growth in the industry, but this trend is anticipated to be marginal during the five-year period...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The prices of retail gasoline and crude oil strongly influence profit
  • Petroleum product pricing affects consumption levels and industry performance
  • Growth in emerging economies is expected to keep gasoline prices high
  • Industry Report - Industry Products Chapter

    Companies in the Gasoline and Petroleum Wholesaling industry deal with a range of crude and refined petroleum products. Additionally, companies in the industry provide other petroleum-based goods and services like residual fuel oil, residual jet fuel and automotive parts, among others.Motor gasolineMotor gasoline is the industry's single most important commodity and the major refined petroleum product distributed to gasoline retailers across the United States. In 2018, gasoline distribution is expected to contribute to 44.9% of revenue. The industry primarily distributes motor gasoline to small independent retailers since the large integrated petroleum refiners and marketers tend to supply their own outlets. Mot...purchase to read more.

    Additional Insights for the Gasoline & Petroleum Wholesaling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gasoline & Petroleum Wholesaling 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 gas stations in the Gasoline & Petroleum Wholesaling industry impact industry performance..

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    What's in this report

    What is the Gasoline & Petroleum Wholesaling Industry?

    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.

    Industry Products
  • Gasoline
  • Crude oil
  • Distillate fuel
  • Jet fuel
  • Lubricants, fuel oil and other petroleum products
  • Industry Activities
  • Bottled liquid petroleum gas wholesaling
  • Fuel oil wholesaling
  • Gasoline wholesaling
  • Distillate fuel oil wholesaling
  • Lubricating oil and grease wholesaling
  • 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
  • Demand from gas stations
  • World production of oil
  • Industrial production index
  • Regulation for the Gasoline & Petroleum Wholesaling industry

  • Current Performance
  • Revenue volatility fueled by unstable prices
  • Profit trends
  • Industry exits
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising prices result in revenue growth
  • Efficiency trends bode poorly for the industry
  • Slow profit growth
  • Table: Gasoline & Petroleum Wholesaling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gasoline & Petroleum Wholesaling 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
  • Lubricants, fuel oil and other petroleum products
  • Distillate fuel
  • Crude oil
  • Jet fuel
  • Chart: Gasoline & Petroleum Wholesaling Industry Products and Services Segmentation

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

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Gasoline & Petroleum Wholesaling

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

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Gasoline & Petroleum Wholesaling 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 Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • World price of crude oil (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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.
  • Liquefied Petroleum Gas (Lpg)
  • A flammable mixture of hydrocarbon gases used as a fuel; also called GPL, LP gas or autogas.
  • Organization Of The Petroleum Exporting Countries
  • An intergovernmental organization of 12 developing countries with the goal of determining the best means of safeguarding the organization's interests.
  • 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 can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

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

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