NAICS Code 424710-02 - Gasoline & Oil Bulk Stations (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

135

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NAICS Code 424710-02 Description (8-Digit)

Gasoline & Oil Bulk Stations (Wholesale) are companies that specialize in the wholesale distribution of gasoline and other petroleum products to retail gas stations, commercial and industrial customers, and other bulk fuel purchasers. These stations typically receive large shipments of fuel from refineries or pipelines and store them in large tanks before distributing them to their customers. The industry plays a crucial role in ensuring that fuel is readily available to consumers and businesses across the country.

Hierarchy Navigation for NAICS Code 424710-02

Tools

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

  • Fuel pumps
  • Tank trucks
  • Fuel storage tanks
  • Fuel meters
  • Fuel hoses
  • Fuel filters
  • Fuel nozzles
  • Fuel dispensers
  • Fuel additives
  • Fuel testing equipment
  • Fuel transfer pumps
  • Fuel tank gauges
  • Fuel tank alarms
  • Fuel tank vents
  • Fuel tank caps
  • Fuel tank level indicators
  • Fuel tank cleaning equipment
  • Fuel tank repair kits
  • Fuel tank liners

Industry Examples of Gasoline & Oil Bulk Stations (Wholesale)

Common products and services typical of NAICS Code 424710-02, illustrating the main business activities and contributions to the market.

  • Gas stations
  • Truck stops
  • Convenience stores
  • Fleet fueling companies
  • Agricultural fuel suppliers
  • Construction fuel suppliers
  • Mining fuel suppliers
  • Aviation fuel suppliers
  • Marine fuel suppliers
  • Government fuel suppliers

Certifications, Compliance and Licenses for NAICS Code 424710-02 - Gasoline & Oil Bulk Stations (Wholesale)

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

  • Hazardous Materials Endorsement (HME): A certification required by the Transportation Security Administration (TSA) for drivers who transport hazardous materials. This certification ensures that drivers are aware of the risks associated with transporting hazardous materials and are trained to handle them safely.
  • Petroleum Equipment Institute (PEI) Certification: A certification provided by the Petroleum Equipment Institute that ensures that the equipment used in the industry meets the industry standards for safety and performance. This certification is required for manufacturers, installers, and service technicians of petroleum equipment.
  • Environmental Protection Agency (EPA) Spill Prevention, Control, and Countermeasure (SPCC) Plan: A plan required by the EPA for facilities that store, handle, or transport oil or petroleum products. This plan outlines measures to prevent oil spills and to respond to them if they occur.
  • Occupational Safety and Health Administration (OSHA) Hazard Communication Standard (HCS): A standard that requires employers to provide information and training to employees about hazardous chemicals in the workplace. This standard applies to the handling and storage of petroleum products.
  • National Institute for Occupational Safety and Health (NIOSH) Respirator Certification: A certification required for respirators used in the workplace. This certification ensures that the respirator meets the performance standards set by NIOSH for protecting workers from respiratory hazards.

History

A concise historical narrative of NAICS Code 424710-02 covering global milestones and recent developments within the United States.

  • The "Gasoline & Oil Bulk Stations (Wholesale)" industry has a long and rich history worldwide. The first bulk oil station was established in the United States in the early 1900s, and by the 1920s, the industry had grown significantly. The industry continued to expand throughout the 20th century, with the introduction of new technologies and the increasing demand for gasoline and oil. In recent years, the industry has faced challenges due to the rise of electric vehicles and the increasing focus on renewable energy sources. However, the industry has adapted to these changes by diversifying its offerings and investing in new technologies. In the United States, the "Gasoline & Oil Bulk Stations (Wholesale)" industry has a more recent history. The industry experienced significant growth in the post-World War II era, as the country's economy boomed and the demand for gasoline and oil increased. The industry continued to grow throughout the latter half of the 20th century, with the introduction of new technologies and the expansion of the country's highway system. In recent years, the industry has faced challenges due to the increasing focus on renewable energy sources and the rise of electric vehicles. However, the industry has adapted to these changes by investing in new technologies and diversifying its offerings.

Future Outlook for Gasoline & Oil Bulk Stations (Wholesale)

The anticipated future trajectory of the NAICS 424710-02 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 & Oil Bulk Stations (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for gasoline and oil products. The growth in the transportation sector, particularly in the trucking industry, is expected to drive the demand for gasoline and oil products. Additionally, the increasing demand for natural gas and renewable energy sources is expected to have a positive impact on the industry as well. However, the industry may face challenges due to the increasing competition from alternative fuel sources and the growing trend towards electric vehicles. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 424710-02

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

  • Mobile Fuel Delivery Services: Some companies are now offering mobile fuel delivery services, which allow customers to order fuel online and have it delivered directly to their location. This innovation is expected to increase convenience for customers and reduce the need for them to visit physical gas stations.
  • Use Of Drones for Inspections: Some companies are now using drones to inspect their fuel storage tanks and pipelines. This innovation is expected to increase efficiency and reduce the need for manual inspections.
  • Implementation Of Iot Technology: Some companies are now using IoT technology to monitor their fuel storage tanks and pipelines. This innovation is expected to increase efficiency and reduce the risk of accidents.
  • Use Of Renewable Energy Sources: Some companies are now investing in renewable energy sources, such as solar and wind power, to reduce their reliance on traditional fuel sources. This innovation is expected to have a positive impact on the environment and reduce the industry's carbon footprint.
  • Implementation Of Safety Measures: Some companies are now implementing safety measures, such as fire suppression systems and leak detection systems, to reduce the risk of accidents. This innovation is expected to increase safety for workers and reduce the risk of environmental damage.

NAICS Code 424710-02 - Gasoline & Oil Bulk Stations (Wholesale)

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