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Petroleum Refining in Washington

Author.Name IBISWorld United States Last Updated: April 2025 NAICS WA32411

Petroleum Refining in Washington industry analysis

The Petroleum Refining industry in Washington is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments stagnated an annualized x% to x locations. Industry employment has decreased an annualized -x.x% to x,xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to stagnate x% to x locations. Industry employment is expected to decrease an annualized -x.x% to x,xxx workers, while industry wages are forecast to decrease % to $x.x million.

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About the Petroleum Refining in Washington Market Research Report

What’s Included in the Petroleum Refining in Washington Market Research Report

Definition of the Petroleum Refining in Washington?

Industry operators refine crude oil into petroleum products. Petroleum refining involves one or more of activities including fractionation, straight distillation of crude oil and cracking. This industry does not include companies that extract crude oil or retail gasoline.

What’s included in the Petroleum Refining in Washington?

The Petroleum Refining in Washington includes gasoline production, kerosene production, distillate fuel oil (diesel fuel) production, aviation fuel production, residual fuel oil production, lubricant production and producing aliphatic and aromatic chemicals as byproducts. Related terms covered in the Petroleum Refining in Washington industry report includes light liquid petroleum product typically used as a fuel for internal combustion engines, midrange petroleum product with a higher boiling point than gasoline, typically used as a fuel for internal combustion engines, particularly for larger vehicles, primary crude oil refining unit, which includes a pipe still for vaporizing the crude oil and a fractionation tower for separating it into fractions with different boiling ranges, difference between the value of all the refined petroleum products a refinery is able to produce from a given quantity of crude oil and its cost, a form of alcohol used as a fuel, which is primarily made from grains such as corn and soybeans. it is considered to be a renewable fuel with fewer pollutants, a unit of measure for petroleum products. it is equal to 42.0 us gallons and a commodities or securities market in which goods are sold for cash and delivered immediately. contracts bought and sold on these markets are immediately effective.

Industry Performance of the Petroleum Refining industry in Washington

Benchmark the Petroleum Refining in Washington industry performance with all WA county and national performance.

Petroleum Refining in Washington

#6 in Highest Revenue 2.3% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Petroleum Refining in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Petroleum Refining industry in Washington

See how key industry drivers, such as population, median houshold income, new business formation, world price of crude oil, demand from gasoline and petroleum bulk stations and total vehicle miles are impacting Petroleum Refining in Washington

Washington Economic Indicators

Population
Median Houshold Income
New Business Formation

View more economic information in WA State Economic profile

US Key External Drivers

World price of crude oil
Demand from gasoline and petroleum bulk stations
Total vehicle miles

For the full list of industry drivers, see report purchase options.

County Data of the Petroleum Refining industry in Washington

Access proprietary data on county in the Petroleum Refining in Washington, such as Cowlitz County, Grays Harbor County and Whatcom County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Petroleum Refining industry in Washington

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Petroleum Refining industry in Washington in 2025?

The market size of the Petroleum Refining industry in Washington is $18.8bn in 2025.

How many businesses are there in the Petroleum Refining industry in Washington in 2025?

There are 5 businesses in the Petroleum Refining industry in Washington, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

Has the Petroleum Refining industry in Washington grown or declined over the past 5 years?

The market size of the Petroleum Refining industry in Washington has been growing at an average annual rate of 13.2% from 2020 to 2025.

How many employees in the Petroleum Refining industry in Washington in 2025?

There are 1,848 employees in the Petroleum Refining industry in Washington, which has been declining at an average annual rate of -0.4% from 2020 to 2025.