NAICS Code 424710-05 - Petroleum Bulk Stations-Terminals (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 424710-05 Description (8-Digit)

Petroleum Bulk Stations-Terminals (Wholesale) is an industry that involves the storage and distribution of petroleum products, such as gasoline, diesel fuel, and aviation fuel. These facilities are responsible for receiving, storing, and distributing large quantities of petroleum products to various customers, including gas stations, airports, and industrial facilities. The industry plays a crucial role in the supply chain of petroleum products, ensuring that they are available to consumers and businesses when needed.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 424710 page

Tools

Tools commonly used in the Petroleum Bulk Stations-Terminals (Wholesale) industry for day-to-day tasks and operations.

  • Tank trucks
  • Tank trailers
  • Fuel pumps
  • Fuel meters
  • Loading arms
  • Valves
  • Gauges
  • Hoses
  • Filters
  • Vapor recovery systems
  • Spill containment systems
  • Fire suppression systems
  • Pressure relief valves
  • Pressure vacuum vents
  • Overfill prevention devices
  • Cathodic protection systems
  • SCADA systems
  • PLCs
  • Control panels

Industry Examples of Petroleum Bulk Stations-Terminals (Wholesale)

Common products and services typical of NAICS Code 424710-05, illustrating the main business activities and contributions to the market.

  • Fuel storage and distribution facilities
  • Petroleum terminals
  • Fuel depots
  • Tank farms
  • Fuel loading and unloading facilities
  • Petroleum storage facilities
  • Fuel transfer stations
  • Petroleum distribution centers
  • Fuel supply depots
  • Petroleum bulk storage facilities

History

A concise historical narrative of NAICS Code 424710-05 covering global milestones and recent developments within the United States.

  • The "Petroleum Bulk Stations-Terminals (Wholesale)" industry has a long and rich history worldwide. The first oil well was drilled in Pennsylvania in 1859, and by the early 1900s, the United States had become the world's leading oil producer. The industry grew rapidly during World War II, as the demand for petroleum products increased. In the 1950s and 1960s, the industry saw significant advancements in technology, including the development of pipelines and tankers, which made it easier to transport oil and gas across long distances. In recent history, the industry has faced challenges due to the increasing demand for renewable energy sources and the fluctuation of oil prices. However, the industry has adapted to these changes by investing in new technologies and diversifying their product offerings. In the United States, the "Petroleum Bulk Stations-Terminals (Wholesale)" industry has a more recent history. The industry saw significant growth in the 1970s and 1980s, as the demand for oil and gas increased due to the growth of the automotive industry and the expansion of the transportation sector. In the 1990s and 2000s, the industry faced challenges due to the increasing demand for renewable energy sources and the fluctuation of oil prices. However, the industry has adapted to these changes by investing in new technologies and diversifying their product offerings. Today, the industry continues to play a vital role in the US economy, providing essential products and services to businesses and consumers across the country.