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

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

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

• API (American Petroleum Institute) Certification: API provides certifications for various aspects of the petroleum industry, including refining, distribution, and storage. The API 653 certification is specifically for aboveground storage tank inspectors.
• OSHA Hazwoper Certification: The Occupational Safety and Health Administration (OSHA) requires hazardous waste operations and emergency response (HAZWOPER) training for workers who are exposed to hazardous substances. This certification is important for workers in the gasoline and oil wholesale industry who may come into contact with hazardous materials.
• DOT Hazardous Materials Certification: The Department of Transportation (DOT) requires training and certification for workers who handle hazardous materials in transportation. This certification is important for workers in the gasoline and oil wholesale industry who may transport hazardous materials.
• EPA Spill Prevention, Control, and Countermeasure (SPCC) Plan Certification: The Environmental Protection Agency (EPA) requires facilities that store oil above certain thresholds to have a SPCC plan in place to prevent and respond to oil spills. Certification is not required, but it may be beneficial for workers in the gasoline and oil wholesale industry to have training in SPCC plan development and implementation.
• NACE International Coating Inspector Certification: NACE International provides certifications for coating inspectors in various industries, including the petroleum industry. Coating inspectors are responsible for ensuring that tanks and pipelines are properly coated to prevent corrosion and other damage.

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.

The anticipated future trajectory of the NAICS 424720-06 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 (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 gasoline and oil products in emerging economies is expected to boost the industry's growth. However, the industry may face challenges due to the increasing competition from alternative energy sources and the growing concern over the environmental impact of gasoline and oil products.

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

• Digitalization Of Supply Chain: The industry is adopting digital technologies to streamline the supply chain process, reduce costs, and improve efficiency. Digital technologies such as blockchain, IoT, and AI are being used to track the movement of products, monitor inventory levels, and optimize logistics.
• Expansion Of Product Portfolio: The industry is expanding its product portfolio to include alternative fuels such as biofuels, electric vehicle charging stations, and hydrogen fuel cells. This is in response to the growing demand for alternative energy sources and the need to reduce the environmental impact of gasoline and oil products.
• Investment In Renewable Energy: Some companies in the industry are investing in renewable energy sources such as wind and solar power. This is in line with the industry's efforts to reduce its carbon footprint and meet the growing demand for renewable energy.
• Collaboration with Startups: The industry is collaborating with startups to develop innovative solutions for the supply chain process, product development, and customer engagement. This is in response to the increasing competition from new entrants and the need to stay ahead of the curve.
• Adoption Of Sustainable Practices: The industry is adopting sustainable practices such as reducing greenhouse gas emissions, minimizing waste, and conserving natural resources. This is in line with the industry's efforts to reduce its environmental impact and meet the growing demand for sustainable products.