NAICS Code 424720-14 - Oils-Fuel (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 424720-14
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NAICS Code 424720-14 Description (8-Digit)

The Oils-Fuel (Wholesale) industry involves the wholesale distribution of various types of fuel oils, including heating oils, kerosene, and other types of fuel oils. This industry is responsible for the distribution of fuel oils to a range of customers, including commercial, industrial, and residential customers. The Oils-Fuel (Wholesale) industry is an essential part of the energy sector, providing fuel oils to power a range of industries and activities.

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 Oils-Fuel (Wholesale) industry for day-to-day tasks and operations.

  • Fuel oil pumps
  • Fuel oil meters
  • Fuel oil filters
  • Fuel oil tanks
  • Fuel oil hoses
  • Fuel oil nozzles
  • Fuel oil valves
  • Fuel oil gauges
  • Fuel oil delivery trucks
  • Fuel oil storage containers

Industry Examples of Oils-Fuel (Wholesale)

Common products and services typical of NAICS Code 424720-14, illustrating the main business activities and contributions to the market.

  • Heating oil distributors
  • Fuel oil wholesalers
  • Industrial fuel oil distributors
  • Commercial fuel oil distributors
  • Residential fuel oil distributors
  • Fuel oil delivery services
  • Fuel oil storage facilities
  • Fuel oil transport companies
  • Fuel oil trading companies
  • Fuel oil brokers

History

A concise historical narrative of NAICS Code 424720-14 covering global milestones and recent developments within the United States.

  • The Oils-Fuel (Wholesale) industry has a long and rich history dating back to the 19th century when the first oil wells were drilled in Pennsylvania. The industry grew rapidly in the early 20th century with the advent of the automobile and the need for gasoline. During World War II, the industry played a crucial role in supplying fuel to the military. In the 1970s, the industry faced a major challenge with the oil crisis, which led to a significant increase in oil prices. In recent years, the industry has faced increased competition from alternative energy sources, such as electric vehicles and renewable energy. In the United States, the industry has been impacted by the shale revolution, which has led to a significant increase in domestic oil production and reduced the country's dependence on foreign oil.