Filling up: Rising oil prices will help the industry rebound

Given that the industry serves as a conduit between petroleum refiners and markets further downstream, the industry's performance is intimately linked to the supply of and demand for petroleum and petroleum products, and the price of these products is closely linked to the price of crude oil, which is a function of global supply and demand levels. Industry performance was booming in the years leading up to the reporting period in response to continued expansion in domestic oil production alongside sharp growth in global oil prices. However, industry revenue has fallen sharply since 2014, as oil prices collapsed between 2015 and 2016 in response to a global supply glut and weakened global demand...read more.

Industry Statistics & Market Size
Revenue
$168bn
Annual Growth 13-18
-4.4%
Forecast Growth 18-23
Profit
Employment
11,453
Businesses
873

Industry Threats & Opportunities

  • The industry is expected to return to growth over the next five years as oil prices stabilize
  • In areas of intense oil sands extraction activity, bulk stations are approaching full oil storage capacity
  • Oil supply and demand respond to price signals with substantial lag
  • Industry Report - Industry SWOT Analysis Chapter

    The Gasoline and Petroleum Bulk Stations industry in Canada is in the mature stage of its life cycle. Over the 10 years to 2023, industry value added (IVA), a measure of an industry’s contribution to the economy, is projected to decline at an annualized rate of 0.5%. During the same period, Canada’s GDP is forecast to increase at an annualized rate of 1.9%. Although the industry’s contribution to the economy is falling, this is primarily because industry revenue is closely tied to the prices of underlying commodities which are not highly cyclical and not necessarily in sync with the domestic economy. in fact, IVA over the next five years is forecast to rise at an annualized 4.3% as rising oil prices lead to sharp growth in industry revenue. Ove...purchase to read more.

    Additional Insights for the Gasoline & Petroleum Bulk Stations Industry

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

  • Ability to accommodate environmental requirements
  • Having strong upstream links
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as World price of crude oil and Total vehicle-kilometres in the Gasoline & Petroleum Bulk Stations industry impact industry performance..

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    What's in this report

    What is the Gasoline & Petroleum Bulk Stations Industry?

    This industry manages and operates bulk-storage facilities for petroleum products and wholesales those products in bulk to smaller petroleum distributors, electricity generators and gasoline stations.

    Industry Products
  • Light crude oil
  • Heavy crude oil
  • Pentane plus
  • Motor gasoline
  • Distillate fuel
  • Heavy fuel oil
  • Jet fuel
  • Other petroleum products
  • Industry Activities
  • Operating bulk storage tanks
  • Operating crude oil bulk stations
  • Operating gasoline bulk stations
  • Operating liquefied-petroleum gas bulk stations
  • Operating petroleum bulk stations and terminals
  • Operating heating oil bulk stations
  • 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
  • Value of nonresidential construction
  • Industrial capacity utilization

  • Current Performance
  • Volatile prices
  • Ongoing capacity insufficiencies
  • Profit pressures
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising global demand for oil
  • Domestic economic growth
  • Infrastructure uncertainties
  • Profit
  • Table: Gasoline & Petroleum Bulk Stations Industry Revenue Outlook

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

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

  • Key Selling Industries
  • Lubricant Oil Manufacturing in Canada
  • Oil & Gas Pipeline Construction in Canada
  • Oil Drilling & Gas Extraction in Canada
  • Petroleum Refining in Canada
  • Tank & Refrigeration Trucking in Canada

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

  • Demand Determinants
    Major Markets
  • Gasoline and petroleum wholesalers
  • Retailers for resale
  • Other
  • Chart: Major Market Segmentation for the Gasoline & Petroleum Bulk Stations Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gasoline & Petroleum Bulk Stations Industry

  • Industry Globalization
    Shell Canada Ltd., Suncor Energy Inc., Imperial Oil Ltd.,
  • Table: Shell Canada Ltd. - financial performance
  • Table: Suncor Energy Inc. - financial performance
  • Table: Imperial Oil Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gasoline & Petroleum Bulk Stations 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 Bulk Stations 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
    Bulk Station
  • A facility used to store petroleum products, typically consisting of tanks with total capacity of between 10,000 and 50,000 barrels.
  • Feedstock
  • The raw material used to supply or fuel a machine or industrial process.
  • Terminal
  • A facility used to store petroleum products, typically with total storage capacity of 50,000 barrels or more.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Gasoline & Petroleum Bulk Stations market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 Bulk Stations:
    • 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 Bulk Stations 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 Bulk Stations, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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