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 2021, 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 Locations Chapter
Industry establishments are distributed according the concentration of crude oil production, oil refineries and downstream customers. Alberta and Ontario are the two most concentrated provinces. Alberta is home to 23.8% of industry establishments, while Ontario contains 23.6%. Alberta is the primary crude oil producing region in Canada; therefore, industry operators benefit from lower transportation costs by locating near crude oil extraction sites. Similarly, Sarnia, ON is a major refining hub, with several major players in the Petroleum Refining industry (IBISWorld report 32411CA) located in the region.
Quebec and British Columbia are two other concentrated provinces, containing 16.1% and 11.2% of industry establishments, respectively... purchase to read more