NAICS Code 424720-06 - Gasoline & Oil (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 424720-06
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Looking for more companies? See NAICS 424720 - Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) - 8,134 companies, 57,059 emails.

NAICS Code 424720-06 Description (8-Digit)

Gasoline & Oil (Wholesale) is a subdivision of the Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) industry. This industry involves the wholesale distribution of gasoline and other petroleum products to retailers, commercial and industrial consumers, and government agencies. Gasoline & Oil (Wholesale) companies purchase large quantities of gasoline and oil from refineries and then distribute them to their customers. They may also provide additional services such as storage, transportation, and blending of petroleum products.

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 Gasoline & Oil (Wholesale) industry for day-to-day tasks and operations.

  • Fuel transfer pumps
  • Tank level gauges
  • Fuel flow meters
  • Fuel storage tanks
  • Fuel dispensers
  • Fuel hoses
  • Fuel filters
  • Fuel nozzles
  • Fuel storage cabinets
  • Fuel tank monitoring systems

Industry Examples of Gasoline & Oil (Wholesale)

Common products and services typical of NAICS Code 424720-06, illustrating the main business activities and contributions to the market.

  • Gas stations
  • Convenience stores
  • Trucking companies
  • Bus companies
  • Taxi companies
  • Government agencies
  • Construction companies
  • Farming operations
  • Manufacturing plants
  • Power generation facilities

History

A concise historical narrative of NAICS Code 424720-06 covering global milestones and recent developments within the United States.

  • The Gasoline & Oil (Wholesale) industry has a long and rich history dating back to the late 1800s when the first gasoline-powered vehicles were invented. The industry grew rapidly in the early 1900s with the rise of the automobile industry and the need for gasoline. In the 1920s, the industry saw the introduction of leaded gasoline, which was widely used until the 1970s when it was banned due to environmental concerns. In the 1950s, the industry saw the introduction of self-service gas stations, which revolutionized the way gasoline was sold. In recent history, the industry has faced challenges due to the rise of electric vehicles and the push for renewable energy sources. In the United States, the industry has seen a decline in demand due to the COVID-19 pandemic and the decrease in travel. However, the industry is expected to rebound as the economy recovers.