Inventories

12 Months Ended

Sep. 30, 2023

Inventory Disclosure [Abstract]

Inventories

8) Inventories

The Company’s product inventories are stated at the lower of cost and net realizable value computed on the weighted average cost method. All other inventories, representing parts and equipment are stated at the lower of cost and net realizable value using the FIFO method. The components of inventory were as follows (in thousands):

	September 30,
	2023		2022
Product	$	33,994	$	58,727
Parts and equipment		22,469		24,830
Total inventory	$	56,463	$	83,557

Product inventories were comprised of 11.8 million gallons and 15.8 million gallons on September 30, 2023 and September 30, 2022, respectively. The Company has market price based product supply contracts for approximately 182.9 million gallons of home heating oil and propane, and 60.5 million gallons of diesel and gasoline, which it expects to fully utilize to meet its requirements over the next twelve months.

During fiscal 2023, Shell Trading and Shell Oil Products US provided approximately 18% of our petroleum product purchases and Motiva Enterprises LLC provided approximately 14% of our petroleum product purchases. During fiscal 2022, Global Companies LLC and Motiva Enterprises LLC provided approximately 17% and 14% of our petroleum product purchases, respectively.