Gasoline & Petroleum Wholesaling in the US
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.
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.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook