|Last Quarterly Update:||9/23/2013|
|SIC Codes:||5983, 5984|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry sell fuel oil and liquefied petroleum (LP) gas, mostly used for heating and cooking. Propane accounts for the majority of LP gas sales. 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 countries for global consumption of fuel oil include China and Japan, which together account for about 15 percent of total usage, according to the BP Statistical Review of World Energy. Consumption of LP gas has expanded significantly in Africa, China, and the Middle East in the last decade, according to the World LP Gas Association.
The US fuel oil and LP gas dealer (fuel dealer) industry includes about 6,000 companies with combined annual revenue of about $38 billion.
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 percent of sales.
PRODUCTS, OPERATIONS & TECHNOLOGY
Products sold include heating oil (about 60 percent of US ...
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