Gasoline Market Report 2026

The gasoline market size has grown steadily in recent years. It will grow from $1.5 trillion in 2025 to $1.55 trillion in 2026 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to growth in vehicle ownership, expansion of road infrastructure, availability of gasoline retail networks, reliance on ic engines, industrial fuel demand.

The gasoline market size is expected to see steady growth in the next few years. It will grow to $1.85 trillion in 2030 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to fuel efficiency improvements, emerging fuel blending regulations, demand from developing economies, growth in small engine applications, expansion of fuel distribution infrastructure. Major trends in the forecast period include stable demand from internal combustion engines, rising focus on fuel quality standards, growing use of additive blended gasoline, expansion in recreational vehicle usage, continued consumption in power backup applications.

The rise in geopolitical tensions is anticipated to drive the growth of the gasoline market in the future. Geopolitical tensions refer to political conflicts, rivalries, or disputes between nations or regions, often concerning issues like territory, resources, power, or ideology. These rising tensions can disrupt oil supply, create market uncertainty, and lead to a risk premium, as well as affect refinery operations, alter regional supply routes, influence currency fluctuations, and impact demand. Additionally, such tensions may result in strategic releases or withholdings from petroleum reserves. For instance, in August 2024, the World Economic Forum, a Switzerland-based international organization, reported that 83% of respondents view geopolitical tensions as the primary risk to global economic growth in the coming year, surpassing concerns about high inflation and monetary tightening, which were cited by 73%. Furthermore, looking ahead to the next decade, 86% of participants identified increasing geopolitical fragmentation and protectionism as the most significant long-term threat. Thus, the escalation of geopolitical tensions is contributing to the growth of the gasoline market.

Major players in the gasoline market are spearheading the development of innovative technologies, including deposit-eradicating technologies, to secure a competitive advantage. Deposit-eradicating technology involves features or innovations designed to eliminate deposits that may accumulate in specific systems or components. For instance, in May 2023, Equilon Enterprises LLC, a U.S.-based oil refining company, introduced an enhanced formulation of its Shell V-Power NiTRO+ Premium Gasoline. This high-performance fuel incorporates unique deposit-eradicating technology targeting fuel injectors, a critical engine component. It can remove up to 100% of performance-robbing deposits, providing protection against future build-up. Engineered for maximum performance, the new V-Power NiTRO+ aims to deliver a premium fuel experience to customers.

In November 2023, Petrol Ofisi A.Ş., a Turkey-based fuel distribution and retail company, acquired British Petroleum (BP) plc. for an undisclosed sum. This acquisition allows Petrol Ofisi to strengthen its position in the gasoline market by broadening its retail network and expanding its customer base in Turkey. British Petroleum (BP) plc. is an oil and gas company based in the UK.

Major companies operating in the gasoline market are Exxon Mobil Corporation, Shell plc, Chevron Corporation., PBF Energy Inc., Reliance Industries Limited, PetroChina Company Limited, Saudi Arabian Oil Co., China National Petroleum Corporation, BP plc, Marathon Petroleum Corporation, Valero Energy Corporation, Petróleos de Venezuela SA, Motiva Enterprises LLC, Kuwait Petroleum Corporation, Emirates National Oil Company Group, Saudi Aramco, Gazprom International Limited, TotalEnergies, Eni S.p.A., ConocoPhillips Company, Rosneft, LUKOIL Lubricants company, Phillips 66, Pemex, Indian Oil Corporation, Petronas, Sinopec, Repsol S.A., OMV AG, Hess Corporation, Occidental Petroleum Corporation, Ecopetrol S.A., Surgutneftegas, CNOOC Limited.

North America was the largest region in the gasoline market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global gasoline market report during the forecast period. The regions covered in the gasoline market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the gasoline market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The gasoline market consists of sales of regular gasoline, midgrade gasoline, premium gasoline, ethanol-blended gasoline, oxygenated gasoline, and reformulated gasoline. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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