Fuelling up: Continued growth in crude oil prices will benefit industry operators

The price of industry products is tied to global crude oil prices, and over the past five years, the industry has experienced volatile operating conditions. Crude oil prices rose sharply in the years leading up to the reporting period thanks to growing global economic activity, and rising prices prompted strong growth in revenue. However, oversupply and slowing demand from many developed and emerging economies prompted prices to drop sharply between 2015 and 2016. However, prices have improved since their nadir in 2016, although they remain well below their peak. Overall, industry revenue is expected to decrease over the five years to 2018...read more.

Industry Statistics & Market Size
Revenue
$107bn
Annual Growth 13-18
-2.8%
Forecast Growth 18-23
Profit
Employment
4,176
Businesses
529
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry is projected to experience stable revenue growth due to strengthening demand for petroleum products
  • Wholesalers had difficulty obtaining price concessions from upstream petroleum refineries
  • Industry growth will be contingent on the successful expansion of pipeline infrastructure
  • Industry Report - Industry Locations Chapter

    The distribution of industry establishments tends to mirror the domestic concentration of crude oil production, oil refineries and downstream customers. The two most concentrated provinces are Alberta, which his home to 24.9% of industry establishments, and Ontario, which contains 22.9%. As Alberta is Canada’s primary region for crude oil production, 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 domestic Petroleum Refining industry (IBISWorld report 32411CA) located in the region.Quebec and British Columbia also comprise large shares of industry establishments, with a respective 16.1% and 10.5% of the total. Que...purchase to read more.

    Additional Insights for the Gasoline & Petroleum Wholesaling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gasoline & Petroleum Wholesaling Industry are

  • Ability to accommodate environmental requirements
  • Having links with suppliers
  • Having a cost-effective distribution system
  • IBISWorld analysts also discuss how external factors such as World price of crude oil and Total vehicle-kilometres in the Gasoline & Petroleum Wholesaling industry impact industry performance..

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    What's in this report

    What is the Gasoline & Petroleum Wholesaling Industry?

    This industry purchases petroleum products from petroleum bulk stations and sells these products to retailers, including gas stations, car parts retailers, warehouses, superstores and supermarkets, manufacturers and natural gas retail distributors.

    Industry Products
  • Light crude oil
  • Heavy crude oil
  • Pentane plus
  • Motor gasoline
  • Distillate fuel
  • Heavy fuel oil
  • Jet fuel
  • Other petroleum products
  • Industry Activities
  • Wholesale motor gasoline
  • Wholesale diesel fuel
  • Wholesale fuel oil
  • Wholesale liquefied petroleum gases
  • Wholesale lubricating oil and greases
  • Wholesale aircraft fuel
  • Wholesale butane and propane
  • Wholesale other refined petroleum products
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of crude oil
  • Total vehicle-kilometres
  • Demand from chemical manufacturing
  • Demand from petroleum refining
  • Demand from plastics and rubber products manufacturing
  • Industrial capacity utilization
  • Value of nonresidential construction

  • Current Performance
  • Petroleum prices drive revenue volatility
  • Profitability falls
  • Industry consolidation
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream demand growth
  • Uncertain profitability
  • Table: Gasoline & Petroleum Wholesaling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gasoline & Petroleum Wholesaling Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Petroleum Refining in Canada
  • Asphalt Manufacturing in Canada
  • Petrochemical Manufacturing in Canada
  • Plastic & Resin Manufacturing in Canada
  • Gas Stations in Canada

  • Key Selling Industries
  • Gasoline & Petroleum Bulk Stations in Canada
  • Lubricant Oil Manufacturing in Canada
  • Oil Drilling & Gas Extraction in Canada
  • Petrochemical Manufacturing in Canada
  • Petroleum Refining in Canada
  • Tank & Refrigeration Trucking in Canada

  • Products & Services
  • Light crude oil
  • Heavy crude oil
  • Motor gasoline
  • Distillate fuel
  • Other petroleum products
  • Pentane plus
  • Heavy fuel oil
  • Jet fuel
  • Chart: Gasoline & Petroleum Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Industrial
  • Retail gas stations
  • Commercial
  • Other
  • Chart: Major Market Segmentation for the Gasoline & Petroleum Wholesaling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWages and depreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Gasoline & Petroleum Wholesaling

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gasoline & Petroleum Wholesaling Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Gasoline & Petroleum Wholesaling Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Gasoline & Petroleum Wholesaling Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • World price of crude oil (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Feedstock
  • Raw material used to supply or fuel a machine or industrial process.
  • Organization Of The Petroleum Exporting Countries
  • An intergovernmental organization of 14 developing countries designed to coordinate and unify petroleum prices between its members.
  • Terminal
  • Bulk storage facility for crude oil and petroleum products.
  • West Texas Intermediate (Wti)
  • Benchmark price for crude oil in North America.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Gasoline & Petroleum Wholesaling market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Gasoline & Petroleum Wholesaling:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Gasoline & Petroleum Wholesaling market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Gasoline & Petroleum Wholesaling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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