Gasoline & Petroleum Bulk Stations in the US
Given that the Gasoline and Petroleum Bulk Stations industry serves as a conduit between petroleum refiners and markets further downstream, the industry's performance is intimately linked to the supply and demand for petroleum and petroleum products. Consequently, industry revenue fell sharply at the end of 2014, as collapsing oil prices caused a subsequent sharp drop in the prices of industry products. However, the industry saw a trend reversal in 2017, which led industry revenue back to growth, but increasing oil prices placed additional downward pressure on industry profit. Over the five years to 2024, the Gasoline and Petroleum Bulk Stations industry is expected to recover from decline as oil prices are likely to stabilize. This is primarily due to an anticipated rise in demand for industry products coupled with current underinvestment in extraction infrastructure, which will decrease future oil supplies.
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.
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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