Inventories

12 Months Ended

Sep. 30, 2021

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,
	2021		2020
Product	$	37,890	$	29,799
Parts and equipment		23,293		20,457
Total inventory	$	61,183	$	50,256

Product inventories were comprised of 19.0 million gallons and 26.9 million gallons on September 30, 2021 and September 30, 2020, respectively. The Company has market price based product supply contracts for approximately 215.7 million gallons of home heating oil and propane, and 43.2 million gallons of diesel and gasoline, which it expects to fully utilize to meet its requirements over the next twelve months.

During fiscal 2021, Motiva Enterprises LLC and Global Companies LLC provided approximately 12% each of our petroleum product purchases. During fiscal 2020, Shell Oil Company, Motiva Enterprises LLC and Global Companies LLC provided approximately 13%, 12% and 11% respectively, of our petroleum product purchases.