NAICS Code 457120-01 - Kerosene (Retail)
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NAICS Code 457120-01 Description (8-Digit)
Hierarchy Navigation for NAICS Code 457120-01
Parent Code (less specific)
Tools
Tools commonly used in the Kerosene (Retail) industry for day-to-day tasks and operations.
- Kerosene pumps
- Kerosene storage tanks
- Kerosene delivery trucks
- Fuel dispensers
- Fuel nozzles
- Fuel hoses
- Fuel filters
- Fuel meters
- Fuel gauges
- Safety equipment (e.g. fire extinguishers, spill containment kits)
Industry Examples of Kerosene (Retail)
Common products and services typical of NAICS Code 457120-01, illustrating the main business activities and contributions to the market.
- Kerosene for home heating
- Kerosene for camping stoves
- Kerosene for lanterns
- Kerosene for space heaters
- Kerosene for emergency generators
- Kerosene for construction heaters
- Kerosene for greenhouse heaters
- Kerosene for aviation fuel
- Kerosene for marine fuel
- Kerosene for industrial heating
Certifications, Compliance and Licenses for NAICS Code 457120-01 - Kerosene (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Hazardous Materials Endorsement (HME): Required by the Transportation Security Administration (TSA) for drivers who transport hazardous materials. The endorsement is added to a commercial driver's license (CDL) and requires a background check and fingerprinting.
- Petroleum Equipment Institute (PEI) Certification: Provides certification for equipment used in the petroleum and fuel industry. The certification ensures that the equipment meets industry standards and regulations.
- National Association Of Convenience Stores (NACS) Certification: Provides certification for convenience stores that meet industry standards and regulations. The certification covers areas such as food safety, tobacco sales, and age verification.
- Occupational Safety and Health Administration (OSHA) Certification: Provides certification for workplace safety and health. The certification covers areas such as hazardous materials handling, emergency response, and personal protective equipment.
- Environmental Protection Agency (EPA) Certification: Provides certification for the handling and disposal of hazardous waste. The certification covers areas such as storage, transportation, and disposal of hazardous materials.
History
A concise historical narrative of NAICS Code 457120-01 covering global milestones and recent developments within the United States.
- The kerosene industry has a long and rich history worldwide. Kerosene was first discovered in the mid-19th century and was initially used as a fuel for lamps. The industry grew rapidly, and by the early 20th century, kerosene was being used for heating and cooking as well. In the United States, the kerosene industry saw significant growth during the 1920s and 1930s, with the widespread adoption of kerosene stoves and heaters. However, the industry began to decline in the mid-20th century with the advent of natural gas and electricity. Today, the kerosene industry is a niche market, with most sales coming from rural areas and developing countries. Recent history in the United States has seen a decline in the kerosene industry due to the increasing popularity of alternative fuels. However, the industry has seen a resurgence in recent years due to the growing demand for emergency preparedness supplies. Kerosene is a popular fuel for portable heaters and lamps during power outages and other emergencies. Additionally, the industry has seen growth in developing countries where kerosene is still widely used for cooking and lighting. Overall, the kerosene industry has a rich history and continues to play a role in the modern world.
Future Outlook for Kerosene (Retail)
The anticipated future trajectory of the NAICS 457120-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Shrinking
The future outlook for the Kerosene (Retail) industry in the USA is expected to remain stable over the next five years. The industry is projected to benefit from the increasing demand for kerosene as a heating fuel, particularly in rural areas where natural gas is not available. However, the industry may face challenges from the growing popularity of alternative heating sources, such as electric and propane heaters. Additionally, the industry may be impacted by changes in government regulations related to environmental concerns and fuel standards. Overall, the industry is expected to experience moderate growth in the coming years.
Industry Innovations for NAICS Code 457120-01
Recent groundbreaking advancements and milestones in the Kerosene (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Expansion Of Product Offerings: Many kerosene retailers are expanding their product offerings to include other heating fuels, such as propane and wood pellets, to diversify their revenue streams and meet changing consumer preferences.
- Online Ordering and Delivery: Some kerosene retailers are now offering online ordering and delivery services, allowing customers to conveniently purchase fuel from the comfort of their homes.
- Use Of Renewable Kerosene: Some companies are exploring the use of renewable kerosene, which is produced from sustainable sources such as algae and plant waste, as a more environmentally friendly alternative to traditional kerosene.
- Energy-Efficient Heating Systems: Many kerosene retailers are promoting the use of energy-efficient heating systems, such as high-efficiency furnaces and boilers, to help customers save money on their heating bills and reduce their carbon footprint.
- Partnerships with Energy Companies: Some kerosene retailers are partnering with energy companies to offer bundled services, such as heating oil and electricity, to customers. This allows customers to simplify their energy bills and potentially save money on their overall energy costs.
NAICS Code 457120-01 - Kerosene (Retail)
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