PALM BEACH, Fla., Aug. 30, 2022 /PRNewswire/ -- FinancialNewsMedia.com News Commentary - Mobile fueling emerged more recently. Mobile fueling has been around for decades. You can't drive a huge bulldozer or crane into a gas station, so of course it's necessary to refuel such equipment on-site. For decades, construction equipment has been fueled on-site via mobile fueling. Mobile fueling is a service where a fuel delivery company delivers fuel on-site for trucks, equipment, boats, cars or machinery. Historically, consumers/businesses had to pump fuel into their own equipment, either at a gas station, card-lock or from an on-site fuel storage tank. Mobile fueling changes that. With mobile fueling, your fuel supplier delivers fuel directly into on-site. This saves time and money and it reduces liability associated with fuel storage and dispensing. A recent report predicted growth in the market: "Mobile fuel storage tanks are used for transportation and storage of fuel and other industrial fluids to remote service areas, whether in-shop or in-field. It is used to store diesel fuel, motor oils, lubricants, liquid wastes, and other combustible liquid. These storage tanks are used in farms, the agricultural sector, shops, industrial facilities, and construction sites. The mobile diesel fuel tank has also been used as an emergency storage tank for supplying generators, vehicles, and other machinery in emergency periods. The mobile fuel tank is used for portable applications, so they can conform to multiple situations and projects and are available in 500 and 1,000-gallon capacity. The design and structure meet the end-user needs and requirements for storing fuel. The mobile fuel storage tank market is segmented into the material and end-user segment. The material segment is further segmented into carbon steel, high-density polyethylene (HDPE), and stainless steel. Stainless steel material is projected to boost the market growth as it delivers longer durability, highly resistant to the effects of corrosion and other natural elements like heat, and free from leaking. The end-user segment is further divided into the chemical, oil & gas, aviation, and others. The oil & gas segment contributes to the largest market share in the global market owing to the increasing application of storage of oil & gas." Active companies in the markets this week include EzFill Holdings, Inc. (NASDAQ: EZFL), Spire Inc. (NYSE: SR), NGL Energy Partners LP (NYSE: NGL), Murphy Oil Corporation (NYSE: MUR), Marathon Oil Corporation (NYSE: MRO).
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