Gasoline & Petroleum Wholesaling in the US - Industry Market Research Report

Very refined: Continued economic recovery from the COVID-19 pandemic will likely sustain demand for gasoline and petroleum products

The Gasoline and Petroleum Wholesaling industry has contended with highly volatile conditions over the past five years as it performs in line with movements in the price of crude oil. The world price of crude oil plummeted in 2020 amid the COVID-19 pandemic and skyrocketed in 2021 and 2022 as the economy recovered. A sudden undersupply of oil because of the conflict between Russia and Ukraine exacerbated price increases late in the period. Wholesalers have benefited from the soaring demand for oil. Over the five years to 2023, industry revenue is expected to grow at a CAGR of 2.1% to $928.0 billion, including a decline of 4.8% in 2023.

The 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.