$621.7bn
$X.Xbn
41,277
6,134
$X.Xbn
The Gasoline and Petroleum Wholesaling industry has endured a slight revenue drop over the past five years. Profit has also taken a hit, mainly because of increasing purchase fees. Validating its central role in the national economy, the industry has remained a crucial intermediary between oil refiners and final consumers. Despite challenges, the sector is resilient and adaptable to shifting market conditions. The industry also remains vital for fueling transportation, heating and various industrial operations. Its performance is closely watched as an indicator of broader economic health.
Industry revenue has declined at a CAGR of 1.9 % over the past five years, to reach an estimated $621.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Bp Plc | 46,187.3 | 862.8 | 1.9 | |
Motiva Enterprises LLC | 7,472.5 | 124.2 | 1.7 | |
Sunshine Gasoline Distributors Inc. | 358.5 | 6.0 | 1.7 |
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Industry revenue is measured across several distinct product and services lines, including Gasoline, Crude oil and Distillate fuel. Gasoline is the largest segment of the Gasoline & Petroleum Wholesaling in the US.
Gasoline drives significant revenue
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.
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NAICS 42472 - Gasoline & Petroleum Wholesaling in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Gasoline and petroleum wholesaling industry revenue has seen a slight decline over the past five years. Profit has also dipped because of rising purchase fees. The market flu...
Learn about an industry's products and services, markets and trends in international trade.
Gasoline remains the industry's dominant product. Other significant products include crude oil, distillate fuel, jet fuel, lubricating oil and greases. These various products...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast region is a significant hub for the industry, accounting for a substantial share of business locations. The region's infrastructure supports extensive distribut...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry has high barriers to entry, including significant capital investment and stringent regulatory requirements. Limited substitutes for petroleum products and fuels ...
Learn about the performance of the top companies in the industry.
Industry consolidation remains relatively low, with many small and mid-sized companies operating. Market concentration has not significantly increased, but it maintains a com...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry's regulatory framework is extensive, covering everything from environmental standards to trade policies. Compliance costs can be significant, influencing operati...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit is a small but important component of the industry's cost structure. Profit has faced pressure from rising input costs. Fluctuating global oil prices also impact profi...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Gasoline & Petroleum Wholesaling in the US industry in United States is $621.7bn in 2024.
There are 6,134 businesses in the Gasoline & Petroleum Wholesaling in the US industry in United States, which has grown at a CAGR of 2.9 % between 2019 and 2024.
The market size of the Gasoline & Petroleum Wholesaling in the US industry in United States has been declining at a CAGR of 1.9 % between 2019 and 2024.
Over the next five years, the Gasoline & Petroleum Wholesaling in the US industry in United States is expected to grow.
The biggest companies operating in the Gasoline & Petroleum Wholesaling market in United States are Bp Plc, Motiva Enterprises LLC and Sunshine Gasoline Distributors Inc.
Gasoline and Crude oil are part of the Gasoline & Petroleum Wholesaling in the US industry.
The company holding the most market share in United States is Bp Plc.
The level of competition is high and increasing in the Gasoline & Petroleum Wholesaling in the US industry in United States.