United States
                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

                                 FORM 10-Q

[X]QUARTERLY  REPORT  PURSUANT TO SECTION 13 OR 15 (d) OF  THE  SECURITIES
   EXCHANGE ACT OF 1934
             For the quarterly period ended September 30, 2001
                                    OR

[ ]TRANSITION  REPORT  PURSUANT TO SECTION 13 OF 15(D) OR  THE  SECURITIES
   EXCHANGE ACT OF 1934

                     Commission File Number 000-21825


                      STREICHER MOBILE FUELING, INC.
          (Exact name of registrant as specified in its charter)


                Florida                      65-0707824
        (State of Incorporation)    (IRS Employer Identification
                                               Number)

800 West Cypress Creek Road, Suite 580, Fort Lauderdale, Florida   33309
        (Address of principal executive offices)                (Zip Code)

                              (954) 308-4200
             (Issuer's telephone number, including area code)


     Indicate  by check mark whether the registrant has filed all  reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of  1934  during the preceding 12 months (or for such shorter period  that
the registrant was required to file such reports) and has been subject  to
such filing requirements for the past 90 days.
Yes [X].    No [ ].

     As  of November 14, 2001, 4,500,870 shares of the Registrant's common
stock were outstanding.



                      STREICHER MOBILE FUELING, INC.

                                 FORM 10-Q

                                   INDEX

Form 10-Q Part and Item No.
---------------------------

  Part I-Financial Information

     Item 1. Condensed Consolidated Financial Statements

             Condensed Consolidated Balance Sheets as of
              September 30, 2001 (unaudited) and
              June 30, 2001 (unaudited)                        3

             Condensed Consolidated Statements of Operations
              for the three months ended
              September 30, 2001 (unaudited)
              and 2000 (unaudited)                             4

             Condensed Consolidated Statements of Cash Flows
              for the three months ended
              September 30, 2001(unaudited)
              and 2000 (unaudited)                             5

             Notes to Condensed Consolidated Financial
              Statements (unaudited)                           6

     Item 2. Management's Discussion and Analysis of
             Financial Condition and Results of Operations     9

     Item 3. Quantitative and Qualitative Disclosures
             About Market Risk                                13

  Part II - Other Information

     Items 1 - 6                                              14
     Signature Page                                           15


              STREICHER MOBILE FUELING, INC. AND SUBSIDIARIES
                   CONDENSED CONSOLIDATED BALANCE SHEETS
                   SEPTEMBER 30, 2001 and JUNE 30, 2001
                                (Unaudited)


<TABLE>
<CAPTION>
                 ASSETS                 September 30, 2001  June 30, 2001
                 ------                 ------------------  -------------

<S>                                       <C>            <C>
Current Assets:
  Cash and cash equivalents               $     162,954  $       6,206
  Restricted cash                               239,695        224,232
  Accounts receivable, net                    9,678,413      8,669,199
  Inventories                                   260,985        253,705
  Prepaid expenses and
   other current assets                         307,272        587,914
                                           ------------    -----------
     Total current assets                    10,649,319      9,741,256
                                           ------------   ------------

Property and Equipment:
  Land                                          223,579        223,579
  Leasehold improvements                        139,987        139,987
  Fuel trucks and automobiles                14,684,012     14,842,878
  Machinery and equipment                     1,073,785      1,054,031
  Furniture and fixtures                        288,235        285,760
  Construction in process                         6,713         29,977
                                           ------------   ------------
                                             16,416,311     16,576,212
     Less accumulated depreciation
     and amortization                        (5,247,778)    (4,927,278)
                                           ------------   ------------
                                             11,168,533     11,648,934
                                           ------------   ------------

Account receivable from related party           595,383        583,015
Other assets                                    202,535        220,678
                                           ------------   ------------

     Total assets                         $  22,615,770  $  22,193,883
                                           ============    ===========

     LIABILITIES AND SHAREHOLDERS' EQUITY
     ------------------------------------
Current Liabilities:
  Bank overdraft                          $     293,791  $     318,349
  Bank line of credit payable                 7,321,590      6,904,465
  Current portion of long-term debt           2,210,195      2,153,876
  Accounts payable                            2,088,029      2,365,594
  Accrued expenses                              669,360        966,990
  Customer deposits                             117,095        124,495
                                           ------------   ------------
     Total current liabilities               12,700,060     12,833,769

Long-term Liabilities:
  Convertible subordinated promissory
   notes, excluding current portion           2,400,400      1,000,400
  Long-term debt, excluding current portion   4,290,873      5,028,144
                                           ------------   ------------

     Total liabilities                       19,391,333     18,862,313
                                           ------------   ------------

Shareholders' Equity:
  Common stock                                   45,009         43,675
  Additional paid-in capital                  8,162,573      7,963,907
  Retained deficit                           (4,983,145)    (4,676,012)
                                           ------------   ------------
     Total shareholders' equity               3,224,437      3,331,570
                                           ------------   ------------

     Total liabilities and
      shareholders' equity                $  22,615,770  $  22,193,883
                                           ============   ============
</TABLE>

              STREICHER MOBILE FUELING, INC. AND SUBSIDIARIES
              CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                     FOR THE THREE MONTH PERIODS ENDED
                        SEPTEMBER 30, 2001 and 2000
                                (Unaudited)

<TABLE>
<CAPTION>

                                               2001              2000
                                          -------------  -------------

<S>                                       <C>            <C>
Revenues                                  $  12,299,055  $  16,575,388
Fuel taxes                                    4,309,906      5,275,075
                                           ------------   ------------
  Total revenues                             16,608,961     21,850,463
                                           ------------   ------------

Cost of sales                                11,132,375     15,578,619
Fuel taxes                                    4,309,906      5,275,075
                                           ------------   ------------
  Total cost of sales                        15,442,281     20,853,694
                                           ------------   ------------

  Gross profit                                1,166,680        996,769

Selling, general and administrative expenses  1,134,076        641,236
                                           ------------   ------------

  Operating profit                               32,604        355,533

Interest expense                               (353,384)      (408,140)
Interest and other income                        13,647         14,128
                                           ------------   ------------
  Net loss                                $    (307,133)  $    (38,479)
                                           ============   ============

Basic and diluted loss per share                  (0.07)         (0.01)
                                           ============   ============

Basic and diluted weighted average
 common shares outstanding                    4,380,870      2,712,600
                                           ============   ============
</TABLE>

              STREICHER MOBILE FUELING, INC, AND SUBSIDIARIES
              CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
       FOR THE THREE MONTH PERIODS ENDED SEPTEMBER 30, 2001 and 2000
                                (Unaudited)

<TABLE>
<CAPTION>

                                                2001           2000
                                               -----          -----

<S>                                       <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                $   (307,133)  $    (38,479)
  Adjustments to reconcile net loss
   to net cash used in operating
   activities:
  Depreciation and amortization                 370,221        340,987
  (Gain) loss on disposal of asset               (9,748)         4,564
  Provision for doubtful accounts                24,500         22,500
  Changes in operating assets
   and liabilities:
     Increase in restricted cash                (15,463)      (224,656)
     Increase in accounts receivable         (1,033,714)    (1,044,057)
     Increase in inventories                     (7,280)       (57,909)
     Decrease in prepaid expenses and other
      current assets                            280,642        133,792
     Decrease in other assets                    18,143         17,324
     (Decrease) increase in accounts payable   (297,630)       (92,987)
     Decrease in customer deposits               (7,400)              -
                                           ------------   ------------
     Net cash used in
      operating activities                   (1,262,427)      (691,940)
                                           ------------   ------------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchases of property and equipment            (4,575)      (270,510)
  Proceeds from disposal of equipment           110,797              -
  Account receivable from related party         (12,368)        (6,780)
                                           ------------   ------------
     Net cash provided by (used in)
      investing activities                       93,854       (277,290)
                                           ------------   ------------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Decrease in bank overdraft                    (24,558)       (20,378)
  Net borrowings under line of credit           417,125      1,013,418
  Proceeds from issuance of convertible
   subordinated promissory notes              1,400,000        200,000
  Borrowings under long-term debt                     -        302,906
  Principal payments on long-term debt         (667,246)      (427,286)
  Proceeds from issuance of common stock        200,000              -
                                           ------------   ------------
     Net cash provided by
      financing activities                    1,325,321      1,068,660
                                           ------------   ------------

NET INCREASE IN CASH AND
 CASH EQUIVALENTS                               156,748         99,430

CASH AND CASH EQUIVALENTS,
 beginning of period                              6,206         75,656
                                           ------------   ------------
CASH AND CASH EQUIVALENTS,
 end of period                            $     162,954  $     175,086
                                           ============   ============

SUPPLEMENTAL DISCLOSURE OF
 CASH FLOW INFORMATION:
  Cash paid for-
     Interest                             $     335,784  $     399,087
                                           ============   ============
     Income taxes                         $           -  $           -
                                           ============   ============
</TABLE>

                      STREICHER MOBILE FUELING, INC.
           NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                        SEPTEMBER 30, 2001 AND 2000
                                (Unaudited)

(1)  NATURE OF OPERATIONS

     Streicher Mobile Fueling, Inc. (the "Company") delivers mechanized
mobile fleet fueling and electronic fuel management primarily to customers
that operate large fleets of vehicles (such as governmental agencies,
utilities, major trucking lines, hauling and delivery services, and
national courier services).  At September 30, 2001, the Company had
operations in California, Florida, Georgia, Tennessee and Texas.

(2)  BASIS OF PRESENTATION

     The condensed consolidated financial statements include the accounts
of Streicher Mobile Fueling, Inc. and its wholly owned subsidiary,
Streicher Realty, Inc.  All significant intercompany balances and
transactions have been eliminated in consolidation.

     Effective July 19, 2001, the Company changed its fiscal year-end from
January 31 to June 30.  The five-month transition period of February 1,
2001 through June 30, 2001 ("transition period") preceded the start of the
new fiscal year.

     The unaudited condensed consolidated financial statements included
herein have been prepared in accordance with the instructions to Form 10-Q
and Rule 10-01 of Regulation S-X, and do not include all the information
and footnotes required by generally accepted accounting principles;
however, they do include all adjustments of a normal recurring nature
which, in the opinion of management, are necessary to present fairly the
results of operations of the Company for the interim periods presented.
Certain amounts have been reclassified to conform with current period
presentation.  These interim financial statements should be read in
conjunction with the Company's audited consolidated financial statements
and related notes included in the Company's Annual Report on Form 10-K for
the year ended January 31, 2001.  The results of operations for the
interim periods presented are not necessarily indicative of the results to
be expected for the entire year.

(3)  WORKING CAPITAL AND CAPITAL RESOURCES

     The Company has used its working capital to finance ongoing
operations and to undertake certain business initiatives to improve
operating results.  The primary business initiatives that the Company has
funded with its working capital have been the reestablishment and
continuing expansion of its marketing and sales function, the installation
of a new senior management team, and the development of the underlying
administration infrastructure required to support the Company's various
business initiatives.  At September 30, 2001, the Company had a working
capital deficit of $2.1 million, as compared to a working capital deficit
of $3.1 million at June 30, 2001.

     The Company has generated its working capital primarily through
proceeds from convertible subordinated promissory notes and private
placement of common stock, borrowings under its bank line of credit, and
cash generated from operations.  During the quarter ended September 30,
2001, the Company raised additional operating capital by securing  $1.4
million in financing and raising $200,000 through the private placement of
common stock.  The Company secured an additional $300,000 in financing in
October 2001.  The Company had outstanding borrowings of $7.3 million as
of September 30, 2001 under a $10.0 million bank line of credit.

     Net operating losses incurred by the Company over prior periods have
resulted in reduced working capital available for the Company's
operations.  As a result, the Company has received "going concern"
opinions from its auditors for the fiscal years ended January 31, 2001 and
2000.  The Company's ability to successfully implement its strategic plans
and continue to improve its operating performance is dependent upon a
number of factors, some of which are beyond its control.  There is no
assurance that the Company's operating results or financial conditions
will improve in the future.  Should additional funding be required to
finance ongoing operations, there can be no assurance that any additional
funding will be available to the Company on acceptable terms, or at all,
as the Company has no current arrangements with respect to, or sources or,
additional financing.

(4)  LOSS PER SHARE

     Basic loss per share is computed by dividing the net loss
attributable to common shareholders by the weighted-average number of
common shares outstanding during the period.  Diluted earnings per share
is computed by dividing income attributable to common shareholders by the
weighted-average number of common shares outstanding during the period
increased to include the number of additional common shares that would
have been outstanding if the dilutive potential common shares had been
issued.  The dilutive effect of outstanding options is reflected in
diluted earnings per share by application of the treasury stock method.
For loss periods, weighted average common share equivalents are excluded
from the calculation, as their effect would be antidilutive.

     At September 30, 2001, 2,448,352 options and warrants were
outstanding at prices ranging from $1.50 to $9.49 per share.  At September
30, 2000, 1,645,452 options and warrants were outstanding at prices
ranging from $3.00 to $9.49 per share.  On November 7, 2001, the Company
extended the exercise period for all outstanding warrants from December
11, 2001 to December 11, 2002.

(5)  CONVERTIBLE SUBORDINATED PROMISSORY NOTES

     On April 20, 2001, the Company issued $1.0 million of convertible
subordinated promissory notes to three shareholders.  The notes are due on
August 31, 2003 and bear interest at 1% over the prime interest rate
announced from time to time by the Company's principal lender.  At the
Company's option, the interest on the notes may be paid in Company stock,
with the stock value based on the average market price of the stock for
the quarter in which interest is due.  The notes contain a conversion
feature entitling the note holder to convert the note balance into common
stock of the Company at the rate of $1.35 per share.

     On July 11, 2001, the Company issued $600,000 of convertible
subordinated promissory notes to three shareholders.  The notes are due on
August 31, 2003 and bear interest at 1% over the prime interest rate
announced from time to time by the Company's principal lender.  With the
consent of the Payee, the interest on the notes may be paid in Company
stock, with the stock value based on the average market price of the stock
for the quarter in which interest is due.  The notes provide the note
holder the right and option to request a prepayment of the outstanding
principal amount and accrued interest thereon from the net proceeds of any
issuance or sale by the Company of equity or debt securities from and
after July 6, 2001.  The notes contain a conversion feature entitling the
note holder to convert the note balance into common stock of the Company
at the rate of $1.35 per share.

     In September of 2001, the Company issued $800,000 of convertible
subordinated promissory notes to three shareholders.  The notes are due on
August 31, 2003 and bear interest at 3% over the prime interest rate
announced from time to time by the Company's principal lender.  With the
consent of the Payee, the interest on the notes may be paid in Company
stock, with the stock value based on the average market price of the stock
for the quarter in which interest is due.  The notes provide the note
holder the right and option to request a prepayment of the outstanding
principal amount and accrued interest thereon from the net proceeds of any
issuance or sale by the Company of equity or debt securities from and
after July 6, 2001.  The notes contain a conversion feature entitling the
note holder to convert the note balance into common stock of the Company
at the rate of $1.35 per share

     It is management's opinion that, irrespective of the issuance of debt
or equity securities by the Company, none of the note holders of the
convertible subordinated promissory notes will request repayment of the
outstanding principal amount and accrued interest thereon within the next
year.

(6)  LEASES

     In May 2001, the Company entered into a lease agreement (the
"Sublease") with an unrelated third party for the lease of the Company's
former corporate offices (the "Property").  The term of the Sublease is
two years and calls for monthly rental payments of $4,600 to be paid to
the Company.  The Company is currently obligated under a lease agreement
(the "Lease") dated July 31, 1993 for the Property with a majority
shareholder and former President and Chief Executive Officer of the
Company.  The Lease expires July 31, 2013.

     In April 2001, the Company relocated its corporate offices and
simultaneously entered into a lease agreement for its new corporate
offices.  In conjunction with the change in corporate offices and upon
entering into the Sublease, the Company essentially abandoned the
Property.

     As the Property is marketable from a sales and sublease standpoint,
it is grandfathered under an ordinance change that allows heavy equipment
to be stored at the Property and the subleasee is currently negotiating to
purchase the Property from the Company's former President and Chief
Executive Officer, management believes that a loss contingency as defined
in SFAS No. 5, "Accounting for Contingencies" as of September 30, 2001 has
not occurred and therefore the remaining lease payments called for under
the Lease have not been reflected in the accompanying condensed
consolidated financial statements.  The remaining lease payments called
for under the Lease approximate $539,000.

(7)  RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

     In July 2001, the Financial Accounting Standards Board ("FASB")
issued Statement of Financial Accounting Standards ("SFAS") 141 "Business
Combinations" and SFAS 142 "Goodwill and Other Intangible Assets". SFAS
141 requires that the purchase method of accounting be used for all
business combinations initiated after June 30, 2001 as well as all
purchase method business combinations completed after June 30, 2001.  SFAS
142 will require that goodwill and intangible assets with indefinite
useful lives no longer be amortized, but instead tested for impairment at
least annually. SFAS 141 is effective immediately, except with regard to
business combinations initiated prior to July 1, 2001 and SFAS 142 is
effective January 1, 2002.

     Furthermore, any goodwill and intangible assets determined to have
indefinite useful lives that are acquired in a purchase business
combination completed after June 30, 2001 will not be amortized.  Goodwill
and intangible assets acquired in business combinations completed before
July 1, 2001 will continue to be amortized until the adoption of SFAS 142.
SFAS 141 will require upon adoption of SFAS 142 that goodwill acquired in
a prior purchase business combination be evaluated and any necessary
reclassifications be made in order to conform to the new criteria in SFAS
141 for recognition apart from goodwill.  Any impairment loss will be
measured as of the date of the adoption and recognized as a cumulative
effect of a change in accounting principles in the first interim period.
Management does not expect the adoption of these standards to have a
material effect on the Company's consolidated financial statements.

     In July 2001, the FASB issued SFAS 143 "Standard on Accounting for
Asset Retirement Obligations".  SFAS 143 requires entities to record the
fair value of a liability for an asset retirement obligation in the period
in which it is incurred.  When the liability is initially recorded, the
entity capitalizes a cost by increasing the carrying amount of the related
long-lived asset.  Over time, the liability is accreted to its present
value each period, and the capitalized cost is depreciated over the useful
life of the related asset.  Upon settlement of the liability, an entity
either settles the obligation for its recorded amount or incurs a gain or
loss upon settlement.  The standard is effective for fiscal years
beginning after June 15, 2002, with earlier application encouraged.


                  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
               FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
     OPERATIONS

     The following Management's Discussion and Analysis of Financial
Condition and Results of Operations contains "forward-looking statements"
which involve risks and uncertainties. The Company's actual results could
differ materially from those anticipated in the forward-looking statements
as a result of certain factors, including those set forth under the
caption "Certain Factors Affecting Future Operating Results," included in
the Company's filing on Form 10-K for the fiscal year ended January 31,
2001. The following discussion also should be read in conjunction with the
Company's consolidated financial statements and notes thereto included in
the above referenced Form 10-K.

GENERAL

     The Company generates all of its revenue from selling fuel and
providing mobile fueling services. Revenue is comprised principally of
sales of gasoline and diesel fuel and related delivery service charges.
Cost of sales is comprised principally of the cost of fuel and
transportation costs (primarily payroll and delivery vehicle operating
expenses). Included in both revenue and cost of sales are federal and
state fuel taxes, which are collected by the Company from its customers,
when required, and remitted to the appropriate taxing authority.

     The Company sells fuel at prices based upon the daily market averages
in each operating location and provides delivery services at a fixed price
per gallon.  Revenue levels can vary depending on the upward or downward
movement of fuel prices in each market.  The Company has revamped its
marketing and sales function in order to increase the volume of mobile and
bulk fueling business.  The Company believes that there are opportunities
for the Company to increase the volume of fuel sold and delivered,
although such volume growth is dependent upon a number of business and
economic factors, some of which are beyond the Company's control, such as
the success of the Company's marketing, pricing and other business
strategies, the availability of qualified workers to provide the level of
service required by customers, the availability of sufficient debt or
equity capital to grow the Company's business, and changes in market
conditions in the transportation or petroleum industries including the
actions of competitors.

BUSINESS INITIATIVES

     The Company has undertaken initiatives that are expected to improve
its operating results by increasing revenues and reducing operating costs.
These include:

       o  Review and increase of service pricing on certain lower margin
           accounts.

       o  Addition of marketing and sales personnel to market the
           Company's fuel sales and services and increase product volumes
           sold and delivered and related revenues.

       o  Review of field operating expenses, primarily payroll and
           vehicle maintenance costs.  The Company is seeking to reduce
           these costs by analyzing and restructuring delivery routes and
           schedules to improve labor efficiency and vehicle utilization
           and by implementing new repair and maintenance policies

       o  Evaluation of the current overhead structure of the Company
           and implementation of cost reductions where feasible

       o  Raise additional operating capital to meet the Company's
           working capital requirements and repay term equipment debt as
           the Company implements the aforementioned marketing, sales,
           and field operations initiatives and upgrades its operational
           and technological infrastructure to enable it to better meet
           both current and anticipated business requirements.

     For the three months ended September 30, 2001, the Company has begun
to realize increased revenues and reduced costs as a result of these
business initiatives.  Gross Profit increased approximately 136% compared
to the gross profit for three months ended June 30, 2001.  EBITDA
("Earnings Before Interest Expense, Taxes, Depreciation and Amortization")
for the three months ended September 30, 2001 was approximately $416,000,
representing an increase of approximately $901,000 over EBITDA of
$(484,856) for the three months ended June 30, 2001.  The average margin
per delivered gallon of fuel increased approximately 108% compared to the
average margin per delivered gallon of fuel for the three months ended
June 30, 2001.  The Company's operating results improved steadily
throughout the three-month period ended September 30, 2001, such that for
the month of September 2001 the Company achieved net income and positive
cash flows from operating activities after principal repayments on term
equipment debt.  While there can be no guarantee that there will be
similarly positive results in future months, particularly in light of the
inherent variability in the demand for fuels and related services, the
Company believes that these results are representative of the ongoing
positive trend in its operating results.

     Implementation of the Company's business initiatives resulted in the
realization of significant benefits in several areas of the Company's
operations over the course of the three-month period ended September 30,
2001.  These include:

       o  Increased service charges on certain lower-margin accounts
           contributed to the increase in gross profit.  The Company's
           evaluation of profitability on the Company's accounts resulted
           in revised service charge pricing that increased gross margins
           while allowing the Company to continue to provide price-
           competitive service to these customers.

       o  The addition of new, higher-margin accounts from the Company's
           reinvigorated marketing efforts throughout its geographical
           areas of operations contributed to the increase in gross
           profit.

       o  Reduced direct operating costs in conjunction with increased
           deliveries of fuel.  Average direct operating expenses per
           gallon of fuel delivered for the three-month period ended
           September 30, 2001 decreased approximately 16.7% compared to
           the three-month period ended June 30, 2001.  This improvement
           enabled the Company to achieve an approximate $166,000
           reduction in direct operating expenses, while increasing its
           deliveries of fuel for the three months ended September 30,
           2001 by approximately 12.5% compared to the three-month period
           ended June 30, 2001.  These cost reductions came from the
           Company's program to improve its labor efficiency and vehicle
           utilization through optimization of delivery route logistics
           and increased controls and improved processes for conducting
           fleet repairs and maintenance.

       o  Reduced overhead costs through selective personnel reductions
           and attrition, along with a more effective allocation of
           responsibilities among the Company's workforce.  As a result
           of this initiative, selling, general, and administrative
           expenses (excluding depreciation expense) for the three months
           ended September 30, 2001 decreased by approximately $236,000,
           or 17.6%, compared to the three months ended June 30, 2001.

       o  Strengthening the Company's financial resources by raising
           additional operating capital through $1.4 million in new
           financing during the three-month period ended September 2001,
           in addition to the $200,000 raised through a private placement
           of the Company's common stock in August 2001.  The Company
           also secured an additional $300,000 in financing in October
           2001 to meet short-term cash requirements.

OPERATING DATA (UNAUDITED)

     The following table and discussion highlights the operating results
     of the Company for the indicated periods:

<TABLE>
<CAPTION>

                                        Three Months Ended
                           -------------------------------------------
                           September 30,  September 30,         %
                                2001           2000           Change
                           -------------  -------------       ------

<S>                        <C>            <C>                 <C>
Revenues                   $  16,608,961  $  21,850,463       (24.0)
Cost of sales:
  Cost of fuel                12,462,797     17,554,605       (29.0)
  Direct operating
   expenses                    2,637,589      2,969,127       (11.2)
  Depreciation expense           341,895        329,962         3.6
                            ------------   ------------

Gross profit                   1,166,680        996,769        17.0

SG&A expense (exclusive
 of depreciation)              1,105,750        630,211        75.5
Interest expense                 353,384        408,140       (13.4)
Depreciation expense              28,326         11,025       156.9
Interest income                  (13,647)       (14,128)        3.4
                            ------------   ------------

Net loss                   $    (307,133)  $    (38,479)
                            ============   ============

EBITDA                     $     416,472  $     710,648

Gallons of fuel delivered     15,493,716     14,591,748         6.2

Average direct operating
  expense per gallon of
  fuel delivered           $       0.170  $       0.203       (16.3)

Average margin per gallon
   of fuel delivered       $       0.075  $       0.068        10.3
</TABLE>

<TABLE>
<CAPTION>
                                        Three Months Ended
                           -------------------------------------------
                           September 30,     June 30,           %
                                2001           2001           Change
                           -------------  -------------       ------

<S>                        <C>            <C>                 <C>
Revenues                   $  16,608,961  $  17,794,389        (6.7)
Cost of sales:
  Cost of fuel                12,462,797     14,147,493       (11.9)
  Direct operating
   expenses                    2,637,589      2,803,367        (5.9)
  Depreciation expense           341,895        348,711        (2.0)
                            ------------   ------------

Gross profit                   1,166,680        494,818       135.8

SG&A expense (exclusive
 of depreciation)              1,105,750      1,341,562       (17.6)
Interest expense                 353,384        351,808         0.4
Depreciation expense              28,326         27,356         3.5
Interest income                  (13,647)       (13,177)         3.6
                            ------------   ------------

Net loss                   $    (307,133)  $ (1,212,731)
                            ============   ============

EBITDA                     $     416,472  $   (484,856)

Gallons of fuel delivered     15,493,716     13,774,212        12.5

Average direct operating
 expense per gallon of
 fuel delivered            $       0.170  $       0.204       (16.7)

Average margin per gallon
 of fuel delivered         $       0.075  $       0.036       108.3
</TABLE>

COMPARISON OF THREE MONTHS ENDED SEPTEMBER 30, 2001 TO THREE MONTHS  ENDED
SEPTEMBER 30, 2000

REVENUES

     Revenue decreased $5.2 million, or 24.0%, for the three months ended
September 30, 2001 compared to the three months ended September 30, 2000.
The decrease in revenue resulted from a decrease in the wholesale price of
gasoline and diesel fuel.  The Company delivered 15.5 million gallons of
fuel to its customers in the three months ended September 30, 2001, an
increase of 6.2% compared to the 14.6 million gallons delivered in the
three months ended September 30, 2000.

GROSS PROFIT

     Gross profit increased approximately $170,000, or 17%, in the three
months ended September 30, 2001 compared to the three months ended
September 30, 2000.  The average margin per delivered gallon of fuel in
the three months ended September 30, 2001 was 7.5 cents compared to 6.8
cents in the three months ended September 30, 2000.  The increase in gross
profit was due primarily to new, higher-margin accounts, increased service
charges on some lower margin accounts, and reduced direct operating
expenses.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (EXCLUSIVE OF DEPRECIATION)

     Selling, general and administrative expenses, exclusive of
depreciation, increased approximately $476,000, or 75.5%, in the three
months ended September 30, 2001 compared to the three months ended
September 30, 2000.  The increase in these expenses primarily resulted
from increases in payroll costs associated with a restructuring of the
marketing, information technology and management functions; increases in
direct marketing and sales payroll; and increases in insurance expense and
legal fees.

INTEREST EXPENSE

     Interest expense decreased approximately $55,000, or 13.4%, in the
three months ended September 30, 2001 compared to the three months ended
September 30, 2000 as a result of decreased borrowings, primarily due to
repayment of existing equipment debt.

INCOME TAXES

     The Company recorded no income tax expense in the three-month periods
ended September 30, 2001 or 2000.  The Company has sufficient net
operating loss carryforwards to offset any taxable income for at least the
next several years.

EBITDA

     Earnings before interest, taxes, depreciation, and amortization
decreased approximately $294,000 in the three months ended September 30,
2001 compared to the same period of 2000.  The decrease was primarily due
to increased selling, general, and administrative costs associated with
the restructuring of the marketing, information technology and management
functions during 2001, offset to a certain extent by an increase in gross
profit and lower interest expense over the comparable periods.



COMPARISON OF THREE MONTHS ENDED SEPTEMBER 30, 2001 TO THREE MONTHS ENDED
JUNE 30, 2001

REVENUES

     Revenue decreased $1.2 million, or 6.7%, for the three months ended
September 30, 2001 compared to the three months ended June 30, 2001.  The
decrease in revenue resulted from a decrease in the wholesale price of
gasoline and diesel fuel.  The Company delivered 15.5 million gallons of
fuel to its customers in the three months ended September 30, 2001, an
increase of 12.5% compared to the 13.8 million gallons delivered in the
three months ended June 30, 2001.

GROSS PROFIT

     Gross profit increased approximately $672,000, or 135.8%, in the
three months ended September 30, 2001 compared to the three months ended
June 30, 2001.  The average margin per delivered gallon of fuel in the
three months ended September 30, 2001 was 7.5 cents compared to 3.6 cents
in the three months ended June 30, 2001.  The increase in gross profit was
due primarily to higher-margin new accounts and increased service charges
on certain lower margin accounts as well as a decrease in labor costs for
the Company's field operations.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (EXCLUSIVE OF DEPRECIATION)

     Selling, general and administrative expenses, exclusive of
depreciation, decreased approximately $236,000, or 17.6%, in the three
months ended September 30, 2001 compared to the three months ended June
30, 2001.  The decrease in these expenses primarily resulted from
decreases in payroll costs associated with a restructuring of the
marketing, information technology and management functions.

INTEREST EXPENSE

     Interest expense increased approximately $2,000, or 0.4%, in the
three months ended September 30, 2001 compared to the three months ended
June 30, 2001.  Interest expense remained relatively unchanged during
these periods despite an increase in debt outstanding due to lower
interest rates on variable rate debt.

INCOME TAXES

     The Company recorded no income tax expense in the three-month periods
ended September 30, 2001 or June 30, 2001.  As previously noted, the
Company has sufficient net operating loss carryforwards to offset any
taxable income for at least the next several years.

EBITDA

     Earnings before interest, taxes, depreciation, and amortization
increased approximately $901,000 in the three months ended September 30,
2001 compared to the three months ended June 30, 2001.  The increase was
primarily due to increased gross profit and reduced selling, general and
administrative expenses.



CAPITAL RESOURCES AND LIQUIDITY

     The mobile fueling business is capital intensive.  While the Company
has sustained net losses in recent financial periods, it has been able to
raise the capital necessary to meet operating requirements over those
periods.  The Company's improvement in operating performance throughout
the three-month period ended September 30, 2001 has reduced the Company's
reliance on raising additional capital  to meet its ongoing operating
requirements.  While there are no assurances that additional capital will
not be required to meet future operating requirements, the Company
believes that it will be able to meet these requirements in the near term
utilizing its existing working capital and bank line of credit.  The
Company believes that it can expand its business in existing markets and
enter into new markets without additional significant expenditures.

     The Company had outstanding borrowings of $7.3 million as of
September 30, 2001 under a $10.0 million bank line of credit.  This line
permits the Company to borrow up to 85% of the total amount of eligible
accounts receivable.  Based on eligible receivables outstanding at
September 30, 2001, the line was almost fully drawn as of that date.
Interest is payable monthly at 2.0% over the prime rate (6.0% as of
September 30, 2001) and outstanding borrowings under the line are secured
by substantially all of the Company's assets.  The credit agreement
contains covenants requiring the maintenance of certain financial ratios
and minimum net worth and working capital requirements.  As of September
30, 2001, the Company was in compliance with these requirements.  In April
2001, the due date of the line of credit was extended to April 30, 2002.
A renewal fee of $100,000 is payable in six equal monthly installments
commencing June 1, 2001 and a termination fee of $100,000 is payable upon
the termination of the lending arrangement.

     The Company's business requires it to expend substantial funds for
fuel, labor and equipment costs before any payments are received from
customers.  Fuel purchased by the Company for resale to customers must
generally be paid for within 10 to 15 days of purchase; labor costs and
related taxes are paid bi-weekly; equipment related expenses are generally
paid within 30 days; and repayments on equipment financing obligations are
paid monthly.  The Company bills its customers weekly and generally
collects the majority of its accounts within 30 to 60 days.  Days sales
outstanding at September 30, 2001 and September 30, 2000 were 51 and 40,
respectively.

     At September 30, 2001, the Company had no purchase commitments for
the purchase of additional fuel trucks since its present fleet is
anticipated to meet future delivery requirements.

     A significant portion of the Company's outstanding debt bears
interest at variable interest rates.  As a result, the Company's financial
results may be impacted by significant increases or decreases in interest
rates.


QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

     The Company's exposure to market risk is limited primarily to the
fluctuating interest rates associated with variable rate debt outstanding
to finance working capital needs and a portion of the Company's fleet of
delivery vehicles.  These debts bear interest at the United States prime
interest rate plus a fixed markup and are subject to change based upon
interest rate changes in the United States.  The Company does not
currently use, and has not historically used, derivative instruments to
hedge against such market interest rate risk.

PART II.   OTHER INFORMATION

ITEM 1

  LEGAL PROCEEDINGS

     None.

ITEM 2

  CHANGES IN SECURITIES

     In August 2001, the Company issued 133,333 shares of common stock in
a private placement, at $1.50 per share.  While those shares were sold in
a private offering to "accredited investors" exempt from registration
under the Securities Act of 1933 pursuant to Sections 4(2) and 4(6) and
Rule 506 of Regulation D promulgated thereunder, the Company intends to
register the shares sold in the offering for resale by filing a Form S-3
registration statement with the Securities and Exchange Commission after
the completion of the private placement.  Because that offering is
currently scheduled to continue until November 30, 2001, the Company
believes it is likely that it will sell additional shares during the
quarter ending December 31, 2001.

ITEM 3

  DEFAULTS UPON SENIOR SECURITIES

     None.

ITEM 4

  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     None.

ITEM 5

  OTHER INFORMATION

     None.

ITEM 6

  EXHIBITS AND REPORTS ON FORM 8-K

     (a)  Exhibits: None.

     (b)  Reports on Form 8-K:

          1) The Company filed a report on Form 8-K on July 19, 2001 to
             report a change in fiscal year-end from January 31 to June
             30, effective June 30, 2001.

                                SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.


                                STREICHER MOBILE FUELING, INC.


November 14, 2001               By:  /s/ David S. Clodfelter
                                     David S. Clodfelter
                                     Senior Vice President and Chief
                                     Financial Officer