NAICS Code 424720-02 - Diesel Fuel (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 424720-02 Description (8-Digit)

Diesel Fuel (Wholesale) involves the distribution of diesel fuel to various industries and businesses. This industry is responsible for the wholesale purchase and sale of diesel fuel, which is used as a primary source of fuel for diesel engines. Diesel fuel is a type of fuel that is derived from crude oil and is used in a range of applications, including transportation, construction, and agriculture. The industry is highly regulated and requires compliance with various safety and environmental regulations.

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 424720 page

Tools

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

  • Fuel transfer pumps
  • Fuel storage tanks
  • Fuel dispensers
  • Fuel filters
  • Fuel flow meters
  • Fuel hoses
  • Fuel nozzles
  • Fuel storage cabinets
  • Fuel tank gauges
  • Fuel tank alarms

Industry Examples of Diesel Fuel (Wholesale)

Common products and services typical of NAICS Code 424720-02, illustrating the main business activities and contributions to the market.

  • Trucking companies
  • Construction companies
  • Agriculture businesses
  • Mining companies
  • Power generation facilities
  • Public transportation agencies
  • Shipping companies
  • Waste management companies
  • Railroad companies
  • Government agencies

History

A concise historical narrative of NAICS Code 424720-02 covering global milestones and recent developments within the United States.

  • The Diesel Fuel (Wholesale) industry has a long and rich history worldwide. The first diesel engine was invented by Rudolf Diesel in 1892, and by the early 1900s, diesel engines were being used in ships, trains, and trucks. The industry grew rapidly in the mid-20th century, as diesel engines became more efficient and reliable. In the 1970s, the oil crisis led to a surge in demand for diesel fuel, as it was seen as a more cost-effective alternative to gasoline. In recent years, the industry has faced challenges due to concerns about air pollution and the rise of electric vehicles. In the United States, the Diesel Fuel (Wholesale) industry has a more recent history. The industry began to grow in the 1950s, as diesel engines became more popular in trucks and buses. In the 1970s, the oil crisis led to a surge in demand for diesel fuel, and the industry continued to grow throughout the 1980s and 1990s. In recent years, the industry has faced challenges due to concerns about air pollution and the rise of electric vehicles. Despite these challenges, the industry remains an important part of the US economy, providing fuel for transportation and other industries.