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Inventories

12 Months Ended

Sep. 30, 2022

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,
	2022		2021
Product	$	58,727	$	37,890
Parts and equipment		24,830		23,293
Total inventory	$	83,557	$	61,183

Product inventories were comprised of 15.8 million gallons and 19.0 million gallons on September 30, 2022 and September 30, 2021, respectively. The Company has market price based product supply contracts for approximately 213.8 million gallons of home heating oil and propane, and 49.9 million gallons of diesel and gasoline, which it expects to fully utilize to meet its requirements over the next twelve months.

During fiscal 2022, Global Companies LLC and Motiva Enterprises LLC provided approximately 17% and 14% of our petroleum product purchases, respectively. During fiscal 2021, Motiva Enterprises LLC and Global Companies LLC provided approximately 12% each of our petroleum product purchases.