NAICS Code 424710-01 - Gasoline-Diesel Bulk (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

6

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NAICS Code 424710-01 Description (8-Digit)

Gasoline-Diesel Bulk (Wholesale) is a subdivision of the Petroleum Bulk Stations and Terminals (Wholesale) industry. This industry involves the wholesale distribution of gasoline and diesel fuel to retailers, commercial businesses, and government agencies. Gasoline-Diesel Bulk (Wholesale) companies purchase large quantities of fuel from refineries and then store and distribute it to their customers. These companies may also provide additional services such as fuel testing, blending, and transportation.

Hierarchy Navigation for NAICS Code 424710-01

Tools

Tools commonly used in the Gasoline-Diesel Bulk (Wholesale) industry for day-to-day tasks and operations.

  • Fuel storage tanks
  • Fuel pumps
  • Fuel meters
  • Fuel filters
  • Fuel hoses
  • Fuel nozzles
  • Fuel trucks
  • Fuel trailers
  • Fuel tankers
  • Fuel additives

Industry Examples of Gasoline-Diesel Bulk (Wholesale)

Common products and services typical of NAICS Code 424710-01, illustrating the main business activities and contributions to the market.

  • Gas stations
  • Truck stops
  • Fleet fueling companies
  • Construction companies
  • Government agencies
  • Agriculture businesses
  • Mining companies
  • Transportation companies
  • Power generation facilities
  • Marine vessels

Certifications, Compliance and Licenses for NAICS Code 424710-01 - Gasoline-Diesel Bulk (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • EPA Underground Storage Tank (UST) Program: This certification is required for facilities that store petroleum products in underground tanks. The certification ensures that the tanks are properly installed, maintained, and monitored to prevent leaks and protect the environment. The certification is provided by the US Environmental Protection Agency (EPA).
  • Hazardous Materials Transportation Permit: This permit is required for businesses that transport hazardous materials, including gasoline and diesel fuel. The permit ensures that the materials are transported safely and in compliance with federal regulations. The permit is provided by the US Department of Transportation (DOT).
  • Occupational Safety and Health Administration (OSHA) Hazard Communication Standard: This standard requires employers to provide information and training to employees who work with hazardous chemicals, including gasoline and diesel fuel. The standard is designed to ensure that employees are aware of the hazards associated with the chemicals and know how to protect themselves. The standard is provided by OSHA.
  • National Fire Protection Association (NFPA) 30: Flammable and Combustible Liquids Code: This code provides guidelines for the storage, handling, and use of flammable and combustible liquids, including gasoline and diesel fuel. The code is designed to prevent fires and explosions and protect people and property. The code is provided by the NFPA.
  • US Environmental Protection Agency (EPA) Spill Prevention, Control, and Countermeasure (SPCC) Plan: This plan is required for facilities that store more than 1,320 gallons of oil, including gasoline and diesel fuel, in aboveground storage tanks. The plan outlines measures to prevent spills, contain spills if they occur, and respond to spills. The plan is provided by the EPA.

History

A concise historical narrative of NAICS Code 424710-01 covering global milestones and recent developments within the United States.

  • The Gasoline-Diesel Bulk (Wholesale) industry has a long and rich history worldwide. The industry started in the early 1900s when the first gasoline-powered cars were introduced. In the 1920s, the industry experienced a significant boom due to the increasing demand for gasoline and diesel fuel. During World War II, the industry played a crucial role in supplying fuel to the military. In the 1970s, the industry faced a significant challenge due to the oil crisis, which led to a shortage of fuel and a sharp increase in prices. In recent years, the industry has been impacted by the increasing demand for alternative fuels and the growing concern over the environmental impact of fossil fuels. In the United States, the Gasoline-Diesel Bulk (Wholesale) industry has a more recent history. The industry started to gain momentum in the 1950s, and by the 1970s, it had become a significant player in the fuel supply chain. In the 1990s, the industry faced a significant challenge due to the introduction of new environmental regulations, which required the use of cleaner-burning fuels. The industry responded by investing in new technologies and infrastructure to meet the new requirements. In recent years, the industry has been impacted by the increasing demand for electric vehicles and the growing concern over the environmental impact of fossil fuels.

Future Outlook for Gasoline-Diesel Bulk (Wholesale)

The anticipated future trajectory of the NAICS 424710-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Gasoline-Diesel Bulk (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for gasoline and diesel fuel in the transportation sector. The industry is also expected to benefit from the growth of the e-commerce sector, which is driving demand for last-mile delivery services. However, the industry may face challenges due to the increasing popularity of electric vehicles, which could reduce demand for gasoline and diesel fuel in the long term. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 424710-01

Recent groundbreaking advancements and milestones in the Gasoline-Diesel Bulk (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Mobile Fueling: Mobile fueling is a recent innovation in the Gasoline-Diesel Bulk (Wholesale) industry that allows customers to order fuel online and have it delivered directly to their vehicles. This service is particularly popular among fleet operators and businesses that need to refuel their vehicles quickly and efficiently.
  • Fuel Management Systems: Fuel management systems are another recent innovation in the Gasoline-Diesel Bulk (Wholesale) industry. These systems allow businesses to track their fuel usage and expenses in real-time, which can help them to reduce costs and improve efficiency.
  • Renewable Diesel: Renewable diesel is a new type of diesel fuel that is made from renewable sources such as vegetable oils and animal fats. This fuel is becoming increasingly popular in the transportation sector due to its lower emissions and environmental benefits.
  • Biofuels: Biofuels are another recent innovation in the Gasoline-Diesel Bulk (Wholesale) industry. These fuels are made from renewable sources such as corn, soybeans, and sugarcane, and are becoming increasingly popular as a way to reduce greenhouse gas emissions and promote sustainability.
  • Fuel Additives: Fuel additives are another recent innovation in the Gasoline-Diesel Bulk (Wholesale) industry. These additives are designed to improve the performance and efficiency of gasoline and diesel fuel, and can help to reduce emissions and improve fuel economy.

NAICS Code 424710-01 - Gasoline-Diesel Bulk (Wholesale)

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