NAICS Code 424720-25 - Petroleum Wholesale

Marketing Level - NAICS 8-Digit

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NAICS CODE 424720-25
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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 424720-25 Description (8-Digit)

Petroleum 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 petroleum and petroleum products, excluding aviation fuel, diesel fuel, gasoline, and other excluded products listed in the Exclusions section. Petroleum Wholesale companies purchase petroleum products from refineries and sell them to various customers, including gas stations, industrial facilities, and other wholesalers. These companies may also provide additional services such as transportation, storage, 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 Petroleum Wholesale industry for day-to-day tasks and operations.

  • Tank trucks
  • Fuel pumps
  • Fuel storage tanks
  • Fuel meters
  • Fuel hoses
  • Fuel filters
  • Fuel additives
  • Fuel analyzers
  • Fuel testing kits
  • Fuel transfer pumps
  • Fuel dispensers
  • Fuel trailers
  • Fuel tank gauges
  • Fuel tank level sensors
  • Fuel tank alarms
  • Fuel tank cleaning equipment
  • Fuel tank vent caps
  • Fuel tank pressure relief valves
  • Fuel tank spill containment systems

Industry Examples of Petroleum Wholesale

Common products and services typical of NAICS Code 424720-25, illustrating the main business activities and contributions to the market.

  • Gas station suppliers
  • Industrial fuel suppliers
  • Heating oil distributors
  • Marine fuel suppliers
  • Agricultural fuel suppliers
  • Construction fuel suppliers
  • Mining fuel suppliers
  • Railroad fuel suppliers
  • Fleet fuel suppliers
  • Emergency fuel suppliers

History

A concise historical narrative of NAICS Code 424720-25 covering global milestones and recent developments within the United States.

  • The petroleum wholesale industry has a long and storied history, dating back to the late 1800s when the first oil refineries were established in the United States. The industry grew rapidly in the early 1900s, with the development of the automobile and the widespread use of gasoline. During World War II, the industry played a critical role in supplying fuel to the military, and after the war, it continued to expand as the demand for petroleum products increased. In recent years, the industry has faced challenges due to increased competition from alternative energy sources and concerns about the environmental impact of fossil fuels. However, it remains a vital part of the global economy, with major players such as ExxonMobil, BP, and Royal Dutch Shell continuing to dominate the market. In the United States, the petroleum wholesale industry has undergone significant changes in recent decades. In the 1970s, the oil crisis led to a sharp increase in prices and a shift towards energy conservation and alternative fuels. In the 1980s and 1990s, the industry underwent a period of consolidation, with many small and mid-sized companies being acquired by larger firms. The 2000s saw a renewed focus on exploration and production, as well as increased investment in renewable energy sources. Today, the industry faces a number of challenges, including declining demand for gasoline and increased competition from electric vehicles and other alternative fuels. Despite these challenges, the petroleum wholesale industry remains a major contributor to the US economy, providing jobs and fueling economic growth.