Fuel Oil & LP Gas Dealers Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 10/9/2017
SIC Codes: 5983, 5984
NAICS Codes: 45431
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Fuel Oil & LP Gas Dealers Industry Profile

Companies in this industry sell fuel oil and liquefied petroleum (LP) gas. Major companies include AmeriGas Partners, Ferrellgas Partners, and Star Gas Partners, all based in the US, as well as Japan's Mitsui & Co, Ultrapar Participações of Brazil, and Dutch firm SHV Holdings.

Top global markets for fuel oil consumption include the Asia/Pacific region and the Middle East, according to the 2017 BP Statistical Review of World Energy. World consumption of fuel oil rose by 1.6% between 2015 and 2016.

The US fuel oil and LP gas dealer (fuel dealer) industry includes about 8,300 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $25 billion. Volatility in the price of crude oil impacts revenue for fuel oil dealers.

COMPETITIVE LANDSCAPE

Residential, commercial, industrial, and agricultural heating needs drive demand. The profitability of individual companies depends on efficient operations, low-cost purchasing, and competitive pricing. Large companies have advantages in purchasing, finance, and distribution. Small companies can compete effectively by serving a local market, offering unique products, or providing special services. Fuel dealers compete with suppliers of other energy sources, including electricity and natural gas. The US fuel dealer industry is fragmented: the top 50 companies account for about 40% of sales.

Record high heating oil prices in recent years and financial incentives from utility companies have caused many consumers to convert their home heating systems to natural gas. About ...

 
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