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

• Fuel pumps
• Fuel storage tanks
• Fuel drums
• Fuel hoses
• Fuel filters
• Fuel pressure gauges
• Fuel additives
• Fuel testing equipment
• Fuel transfer pumps
• Fuel jugs

Common products and services typical of NAICS Code 424720-23, illustrating the main business activities and contributions to the market.

• High-performance race cars
• Motorcycles
• Boats
• Go-karts
• Snowmobiles
• Jet skis
• Off-road vehicles
• Dragsters
• Sprint cars
• Dirt bikes

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

• National Association Of Chemical Distributors (NACD) Responsible Distribution: This certification ensures that the company is committed to the safe and responsible distribution of chemicals, including racing fuels. The certification is provided by the National Association of Chemical Distributors (NACD).
• Occupational Safety and Health Administration (OSHA) Hazard Communication Standard (HCS): This standard requires that all hazardous chemicals, including racing fuels, are properly labeled and that employees are trained on the safe handling and use of these chemicals. The certification is provided by the Occupational Safety and Health Administration (OSHA).
• Environmental Protection Agency (EPA) Spill Prevention, Control, and Countermeasure (SPCC) Plan: This plan is required for facilities that store, handle, or transport oil, including racing fuels, to prevent and respond to oil spills. The certification is provided by the Environmental Protection Agency (EPA).
• National Fire Protection Association (NFPA) 30 Flammable and Combustible Liquids Code: This code provides guidelines for the safe storage, handling, and use of flammable and combustible liquids, including racing fuels. The certification is provided by the National Fire Protection Association (NFPA).
• Department Of Transportation (DOT) Hazardous Materials Regulations (HMR): These regulations govern the transportation of hazardous materials, including racing fuels, to ensure their safe handling and transport. The certification is provided by the Department of Transportation (DOT).

A concise historical narrative of NAICS Code 424720-23 covering global milestones and recent developments within the United States.

• The "Racing Fuels (Wholesale)" industry has a long history dating back to the early 20th century when the first automobile races were held. In the 1930s, the use of high-octane gasoline became popular in racing, and by the 1950s, specialized racing fuels were being developed. In the 1960s, the National Hot Rod Association (NHRA) was formed, and the demand for racing fuels increased. In the 1970s, the use of leaded gasoline was banned, and the industry shifted to unleaded fuels. In recent years, the industry has seen advancements in fuel technology, including the use of ethanol and other biofuels. In the United States, the industry has also seen an increase in the popularity of drag racing and other motorsports, leading to a growing demand for racing fuels.

The anticipated future trajectory of the NAICS 424720-23 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The future outlook for the Racing Fuels (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for high-performance fuels in the motorsports industry. The growing popularity of motorsports events such as NASCAR and Formula One is expected to drive the demand for racing fuels. Additionally, the increasing number of racing events and the growing number of participants in the motorsports industry are expected to boost the demand for racing fuels. The industry is also expected to benefit from the increasing use of biofuels in the racing industry, which is expected to reduce the carbon footprint of the industry. However, the industry may face challenges due to the increasing competition from alternative fuels and the growing popularity of electric vehicles in the automotive industry.

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

• VP Racing Fuels introduced a new line of racing fuels called "VP Racing Fuels Madditive" in 2020. The new line of fuels is designed to improve the performance of racing engines and provide better fuel economy.
• Sunoco Race Fuels introduced a new line of racing fuels called "Sunoco Surge" in 2020. The new line of fuels is designed to provide better throttle response and improved acceleration.
• VP Racing Fuels introduced a new line of racing fuels called "VP Racing Fuels X85+" in 2021. The new line of fuels is designed to provide better performance and fuel economy for high-performance engines.
• Sunoco Race Fuels introduced a new line of racing fuels called "Sunoco Standard 110" in 2021. The new line of fuels is designed to provide better performance and fuel economy for high-performance engines.
• VP Racing Fuels introduced a new line of racing fuels called "VP Racing Fuels C85+" in 2021. The new line of fuels is designed to provide better performance and fuel economy for high-performance engines that run on ethanol.