Fuel Oil Dealers Industry Overview

Companies that are involved in the retail sale of fuel oil.

Full Fuel Oil Dealers Industry Description

Transportation Outsourcing

High Consumer Prices

Many distributors outsource gas hauling from the rack to customers, in part because of the liability associated with hauling gasoline. Many distributors desire to focus on the core business of buying and selling gas, as well as other related products.

Consumer prices for fuel oil and LP gas have hit record highs due to huge commodity price increases for crude oil. Consumer prices for most fuels grew almost 70 percent between 2003 and 2006, with fuel oil prices increasing 80 percent and LP gas prices increasing 50 percent; commodity prices for crude oil more than doubled. Some customers have switched to other energy sources, including natural gas and electricity, due to high oil and LP gas prices.

Full Fuel Oil Dealers Industry Trends

• Chemoil Corporation
• Able Energy, Inc.
• Bayside Fuel Oil Depot Corporation

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Fuel Oil Dealers maps to a number of NAICS codes including:

Full Fuel Oil Dealers Industry Codes

• American Association of Petroleum Geologists
  
• American Petroleum Institute
  
• Energy Information Administration
  

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