Petro Star Inc. · Anchorage, AK United States
Company Description
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This link will open in a new window Petro Star is an oil refining and fuel marketing shining star that brings heating fuel and energy (diesel, gasoline, and aviation and marine fuel)s to the citizens of the communities in the vast, cold, and lonely expanses of the US' largest state, Alaska. It operates refineries at North Pole and Valdez and distributes fuels and lubricants throughout Interior Alaska, Dutch Harbor, Kodiak, and Valdez. Started in 1984 by a group of petroleum industry veterans, the company built its first refinery operations along the Trans-Alaska Pipeline at North Pole, Alaska. Petro Star is a subsidiary of Arctic Slope Regional Corp. . To read the full description, subscribe now.
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Key Petro Star Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $655.2 |
| Employees | 300 |
Competition
Competitive Landscape for Petro Star Inc.
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top Petro Star Inc. Competitors
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