SourceLine News & Insights

According to PEI, the petroleum equipment industry faces these potential threats in the coming years:

  • Decline in retail and municipal fueling stations, and an increase in mega petroleum marketers and predatory pricing
  • Growth of mega and nontraditional online distributors
  • Equipment manufacturers who disrupt the traditional distribution sales model
  • Increased use of alternative fuels that subsist outside of the petroleum industry
  • Disruption in petroleum distribution due to world events or refinery obsolescence
  • Regulations that inhibit growth, and/or customers’ resistance to regulations
  • Sites performing their own service work or using non-certified service technicians
  • Increased enforcement of contract indemnification clauses and requirements for surety bonds and liability insurance