US Gasoline Market Size (2025–2029)
The US gasoline market is projected to decline by 256 million liters, registering a CAGR of -4.16% from 2024 to 2029.
Market Overview
Despite a steady rise in the number of vehicles and increased oil and gas production supporting demand, the US gasoline market is facing a downward trajectory. This is primarily due to price volatility and shifting dynamics in the energy sector. Fluctuations in crude oil prices, geopolitical instability, and macroeconomic conditions significantly affect gasoline pricing and market stability.
To remain competitive, companies are focusing on strategic actions such as:
- Price differentiation
- Supply chain optimization
- Investment in fuel efficiency technologies
These strategies aim to offset risks while aligning with emerging energy trends and regulatory changes.
Market Dynamics
Drivers
- Growth in Vehicle Usage: Rising automobile ownership continues to drive gasoline consumption.
- Dependence on Gasoline: Accounts for nearly 90% of petroleum consumption in the transportation sector.
- Infrastructure: A robust distribution network supports gasoline availability across the country.
Trends
- Increased Oil Production: Crude oil output from regions like the Permian Basin is bolstering supply.
- Rise of Alternative Fuels: Growing consumer shift toward ethanol, biodiesel, and electric vehicles.
- Technological Advancements: Innovation in fuel injection, combustion efficiency, and emissions control is shaping future demand.
Challenges
- Price Volatility: Sudden changes in gasoline prices impact demand and consumer behavior.
- Fuel Economy Focus: Preference for fuel-efficient vehicles and alternative fuels is rising.
- Environmental Regulations: Stricter norms are pushing the industry toward cleaner energy sources.
Major Players Include:
- Exxon Mobil Corp.
- Chevron Corp.
- BP Plc
- ConocoPhillips Co.
- Valero Energy Corp.
- Phillips 66
- Shell plc
- Sunoco LP
- Marathon Petroleum Corp.
- Occidental Petroleum Corp., among others.
Each company is evaluated based on market positioning (e.g., dominant, leading, strong) and strategic focus (pure play, category-focused, diversified).
Table of Content
1 Executive Summary
1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
- Exhibit 07: Parent market
- Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
- Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
- Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
- Exhibit 11: Chart on US - Market size and forecast 2022-2027 (million L)
- Exhibit 12: Data Table on US - Market size and forecast 2022-2027 (million L)
- Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
- Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Gasoline market in US 2017 - 2021
- Exhibit 15: Historic Market Size – Data Table on Gasoline market in US 2017 - 2021 (million L)
4.2 Type Segment Analysis 2017 - 2021
- Exhibit 16: Historic Market Size – Type Segment 2017 - 2021 (million L)
4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – End-user Segment 2017 - 2021 (million L)
5 Five Forces Analysis
5.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
6.1 Market segments
- Exhibit 25: Chart on Type - Market share 2022-2027 (%)
- Exhibit 26: Data Table on Type - Market share 2022-2027 (%)
6.2 Comparison by Type
- Exhibit 27: Chart on Comparison by Type
- Exhibit 28: Data Table on Comparison by Type
6.3 Regular - Market size and forecast 2022-2027
- Exhibit 29: Chart on Regular- Market size and forecast 2022-2027 (million L)
- Exhibit 30: Data Table on Regular- Market size and forecast 2022-2027 (million L)
- Exhibit 31: Chart on Regular- Year-over-year growth 2022-2027 (%)
- Exhibit 32: Data Table on Regular- Year-over-year growth 2022-2027 (%)
6.4 Premium - Market size and forecast 2022-2027
- Exhibit 33: Chart on Premium- Market size and forecast 2022-2027 (million L)
- Exhibit 34: Data Table on Premium- Market size and forecast 2022-2027 (million L)
- Exhibit 35: Chart on Premium- Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Premium- Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
- Exhibit 37: Market opportunity by Type (million L)
- Exhibit 38: Data Table on Market opportunity by Type (million L)
7 Market Segmentation by End-user
7.1 Market segments
- Exhibit 39: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 40: Data Table on End-user - Market share 2022-2027 (%)
7.2 Comparison by End-user
- Exhibit 41: Chart on Comparison by End-user
- Exhibit 42: Data Table on Comparison by End-user
7.3 Transportation - Market size and forecast 2022-2027
- Exhibit 43: Chart on Transportation- Market size and forecast 2022-2027 (million L)
- Exhibit 44: Data Table on Transportation- Market size and forecast 2022-2027 (million L)
- Exhibit 45: Chart on Transportation- Year-over-year growth 2022-2027 (%)
- Exhibit 46: Data Table on Transportation- Year-over-year growth 2022-2027 (%)
7.4 Power generation - Market size and forecast 2022-2027
- Exhibit 47: Chart on Power generation- Market size and forecast 2022-2027 (million L)
- Exhibit 48: Data Table on Power generation- Market size and forecast 2022-2027 (million L)
- Exhibit 49: Chart on Power generation- Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Power generation- Year-over-year growth 2022-2027 (%)
7.5 Others - Market size and forecast 2022-2027
- Exhibit 51: Chart on Others- Market size and forecast 2022-2027 (million L)
- Exhibit 52: Data Table on Others- Market size and forecast 2022-2027 (million L)
- Exhibit 53: Chart on Others- Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Others- Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by End-user
- Exhibit 55: Market opportunity by End-user (million L)
- Exhibit 56: Data Table on Market opportunity by End-user (million L)
8 Customer Landscape
8.1 Customer landscape overview
- Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
- Exhibit 58: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
- Exhibit 59: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
- Exhibit 60: Overview on factors of disruption
10.4 Industry risks
- Exhibit 61: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
- Exhibit 62: Vendors covered
11.2 Market positioning of vendors
- Exhibit 63: Matrix on vendor position and classification
11.3 Abraxas
- Exhibit 64: Abraxas - Overview
- Exhibit 65: Abraxas - Product / Service
- Exhibit 66: Abraxas - Key offerings
11.4 BP Plc
- Exhibit 67: BP Plc - Overview
- Exhibit 68: BP Plc - Business segments
- Exhibit 69: BP Plc - Key offerings
- Exhibit 70: BP Plc - Segment focus
11.5 Chevron Corp.
- Exhibit 71: Chevron Corp. - Overview
- Exhibit 72: Chevron Corp. - Business segments
- Exhibit 73: Chevron Corp. - Key news
- Exhibit 74: Chevron Corp. - Key offerings
- Exhibit 75: Chevron Corp. - Segment focus
11.6 ConocoPhillips Co.
- Exhibit 76: ConocoPhillips Co. - Overview
- Exhibit 77: ConocoPhillips Co. - Business segments
- Exhibit 78: ConocoPhillips Co. - Key offerings
- Exhibit 79: ConocoPhillips Co. - Segment focus
11.7 Enterprise Products Partners LP
- Exhibit 80: Enterprise Products Partners LP - Overview
- Exhibit 81: Enterprise Products Partners LP - Product / Service
- Exhibit 82: Enterprise Products Partners LP - Key offerings
11.8 EOG Resources Inc
- Exhibit 83: EOG Resources Inc - Overview
- Exhibit 84: EOG Resources Inc - Product / Service
- Exhibit 85: EOG Resources Inc - Key offerings
11.9 Exxon Mobil Corp.
- Exhibit 86: Exxon Mobil Corp. - Overview
- Exhibit 87: Exxon Mobil Corp. - Business segments
- Exhibit 88: Exxon Mobil Corp. - Key news
- Exhibit 89: Exxon Mobil Corp. - Key offerings
- Exhibit 90: Exxon Mobil Corp. - Segment focus
11.10 Marathon Petroleum Corp.
- Exhibit 91: Marathon Petroleum Corp. - Overview
- Exhibit 92: Marathon Petroleum Corp. - Business segments
- Exhibit 93: Marathon Petroleum Corp. - Key news
- Exhibit 94: Marathon Petroleum Corp. - Key offerings
- Exhibit 95: Marathon Petroleum Corp. - Segment focus
11.11 Occidental Petroleum Corp.
- Exhibit 96: Occidental Petroleum Corp. - Overview
- Exhibit 97: Occidental Petroleum Corp. - Business segments
- Exhibit 98: Occidental Petroleum Corp. - Key offerings
- Exhibit 99: Occidental Petroleum Corp. - Segment focus
11.12 Phillips 66
- Exhibit 100: Phillips 66 - Overview
- Exhibit 101: Phillips 66 - Business segments
- Exhibit 102: Phillips 66 - Key offerings
- Exhibit 103: Phillips 66 - Segment focus
11.13 Pioneer Natural Resources Co
- Exhibit 104: Pioneer Natural Resources Co - Overview
- Exhibit 105: Pioneer Natural Resources Co - Product / Service
- Exhibit 106: Pioneer Natural Resources Co - Key offerings
11.14 Schlumberger Ltd.
- Exhibit 107: Schlumberger Ltd. - Overview
- Exhibit 108: Schlumberger Ltd. - Business segments
- Exhibit 109: Schlumberger Ltd. - Key news
- Exhibit 110: Schlumberger Ltd. - Key offerings
- Exhibit 111: Schlumberger Ltd. - Segment focus
11.15 Shell plc
- Exhibit 112: Shell plc - Overview
- Exhibit 113: Shell plc - Business segments
- Exhibit 114: Shell plc - Key news
- Exhibit 115: Shell plc - Key offerings
- Exhibit 116: Shell plc - Segment focus
11.16 Sunoco LP
- Exhibit 117: Sunoco LP - Overview
- Exhibit 118: Sunoco LP - Product / Service
- Exhibit 119: Sunoco LP - Key offerings
11.17 Valero Energy Corp.
- Exhibit 120: Valero Energy Corp. - Overview
- Exhibit 121: Valero Energy Corp. - Business segments
- Exhibit 122: Valero Energy Corp. - Key news
- Exhibit 123: Valero Energy Corp. - Key offerings
- Exhibit 124: Valero Energy Corp. - Segment focus
Research Methodology
All our research reports employ a mixed-methods approach, leveraging both primary and secondary research techniques to develop a comprehensive and well-informed analysis. The methodology ensures a balanced perspective by combining data-driven insights with expert opinions.
1. Secondary Research
Secondary research formed the foundation of the study, offering a contextual understanding of the market landscape, historical trends, and existing data. This phase involved gathering and analyzing information from:
- Industry reports and whitepapers (e.g., McKinsey, Deloitte, Statista)
- Academic journals and case studies
- Company reports, investor presentations, and press releases
- Government databases and regulatory publications
- Trade publications, industry blogs, and news articles
2. Primary Research
To validate and complement secondary findings, extensive primary research was conducted. This included both quantitative data collection and qualitative insights, particularly through expert consultations.
a. Expert Consultations (Qualitative Primary Research)
In-depth interviews were conducted with a wide range of industry stakeholders, including:
- Industry experts and consultants
- Senior executives and decision-makers
- Product managers and supply chain professionals
- Academic researchers and analysts
b. Surveys and Questionnaires (Quantitative Primary Research)
Structured surveys were distributed among:
- End-users/consumers
- Retailers and distributors
- Business-to-business (B2B) buyers
3. Data Validation and Triangulation
Findings from secondary and primary sources were cross-validated through data triangulation to ensure accuracy, consistency, and reliability. This process involved comparing insights from different sources and reconciling discrepancies through expert feedback.
4. Analytical Tools and Frameworks
Various analytical models were applied to interpret the collected data:
- SWOT Analysis for understanding strengths, weaknesses, opportunities, and threats
- Porter’s Five Forces to assess market competitiveness
- PESTLE Analysis to evaluate external macroeconomic influences
- Forecasting Models using historical data trends and regression analysis
Conclusion
The combination of comprehensive secondary research and robust primary data collection—enhanced by expert consultations—ensured the development of a well-rounded and in-depth analysis. This approach enables strategic decision-making backed by both empirical evidence and industry expertise.
For detailed methodology for this particular report please write to us on info@syovi.com