Gasoline & Petroleum Wholesaling in Florida
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. Over the five years to 2022, the industry will continue to be shaped by conditions in the oil and gas sector. As the price of crude oil returns to growth due to strengthening demand, industry revenue will rebound moderately over the next five years.
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.
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.