NAICS Code 424720-20 - Petroleum Products (Wholesale)

Marketing Level - NAICS 8-Digit

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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 424720-20 Description (8-Digit)

The Petroleum Products (Wholesale) industry involves the distribution of various petroleum products to retailers, commercial and industrial consumers, and other wholesalers. This industry is responsible for the wholesale distribution of petroleum products such as gasoline, kerosene, diesel fuel, and heating oil. The industry also includes the wholesale distribution of other petroleum-based products such as asphalt and lubricating oils.

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 Petroleum Products (Wholesale) industry for day-to-day tasks and operations.

  • Tank trucks
  • Fuel pumps
  • Fuel storage tanks
  • Fuel meters
  • Fuel hoses
  • Fuel filters
  • Fuel nozzles
  • Fuel dispensers
  • Fuel additives
  • Fuel stabilizers

Industry Examples of Petroleum Products (Wholesale)

Common products and services typical of NAICS Code 424720-20, illustrating the main business activities and contributions to the market.

  • Gasoline distributors
  • Diesel fuel distributors
  • Heating oil distributors
  • Asphalt distributors
  • Lubricating oil distributors
  • Petroleum jelly distributors
  • Petroleum wax distributors
  • Petroleum coke distributors
  • Petroleum solvent distributors
  • Petroleum resin distributors

History

A concise historical narrative of NAICS Code 424720-20 covering global milestones and recent developments within the United States.

  • The "Petroleum Products (Wholesale)" industry has a long and complex history worldwide. The first oil well was drilled in Pennsylvania in 1859, and by the early 20th century, 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 skyrocketed. In the post-war period, the industry continued to expand, with the development of new technologies such as hydraulic fracturing and horizontal drilling. In recent years, the industry has faced challenges such as declining oil prices, increased competition from renewable energy sources, and concerns about the environmental impact of fossil fuels. In the United States, the "Petroleum Products (Wholesale)" industry has a more recent history. The industry began to take shape in the early 20th century, as the demand for gasoline and other petroleum products grew rapidly. During World War II, the industry played a crucial role in supplying fuel to the military. In the post-war period, the industry continued to expand, with the development of new technologies such as the catalytic converter and unleaded gasoline. In recent years, the industry has faced challenges such as declining demand for gasoline, increased competition from renewable energy sources, and concerns about the environmental impact of fossil fuels.