Industry Analysis & Industry Trends
This industry has expanded on average during the past five years, but revenue exhibited high volatility. During the recession, global demand for crude oil and petroleum products plummeted, and prices quickly followed, causing industry revenue to contract. The industry has grown since then, albeit slowly because of pipeline shortages in North America. Growth during the next five years is contingent on the successful completion of export pipelines. As exports rise, domestic prices will converge to higher international prices. Rising prices and steady consumption growth are forecast to drive up both the industry's revenue and profit... purchase to read more
Industry Report - Industry Analysis Chapter
The Gasoline and Petroleum Bulk Stations industry comprises operators that wholesale petroleum products through bulk storage stations and terminals. Downstream markets include regional petroleum wholesalers and distributors, retail gas stations, large industrial facilities and other bulk consumers of petroleum products. Most major players are large, integrated energy companies with significant refining capacity, while smaller firms are independent bulk station or terminal operators. Overall, low industry profit margins characteristic of wholesaling prevent nonintegrated firms from gaining significant market share.
Industry revenue has increased during the past five years due to overall growth in downstream demand... purchase to read more