Industry Analysis & Industry Trends
The Gasoline and Petroleum Wholesaling industry experienced volatile growth over the past five years. While petroleum consumption was relatively stable, product prices fluctuated widely due to the global economic downturn and domestic infrastructure shortages. Since then, however, growing industrial output has buoyed petroleum consumption. Over the five years to 2019, the industry is projected to experience more stable growth due to strengthening demand for petroleum products and the scheduled expansion of pipeline infrastructure... purchase to read more
Industry Report - Industry Analysis Chapter
The Gasoline and Petroleum Wholesaling industry distributes petroleum products to retail gas stations, manufacturers, freight transportation and other customers. Domestic demand is driven by end-user petroleum product consumption, such as consumer gasoline consumption. Given that gasoline and petroleum fuel are necessities for many consumers and manufacturers, downstream demand for this industry is typically stable. However, industry revenue is dependent on both petroleum consumption volume and petroleum prices. Petroleum prices can be volatile, mostly due to unpredictable geopolitical events and global market conditions.
Despite high revenue volatility, IBISWorld expects industry revenue to grow at an annualized rate of 9.3% to $84.0 billion in the five years to 2014... purchase to read more