NAICS Code 457210-03 - Fuel (Retail)
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NAICS Code 457210-03 Description (8-Digit)
Hierarchy Navigation for NAICS Code 457210-03
Parent Code (less specific)
Tools
Tools commonly used in the Fuel (Retail) industry for day-to-day tasks and operations.
- Fuel dispensers
- Fuel storage tanks
- Fuel pumps
- Fuel nozzles
- Fuel filters
- Fuel hoses
- Fuel meters
- Fuel tanks
- Fuel additives
- Fuel pressure gauges
Industry Examples of Fuel (Retail)
Common products and services typical of NAICS Code 457210-03, illustrating the main business activities and contributions to the market.
- Gasoline stations
- Diesel fuel stations
- Ethanol fuel stations
- Biodiesel fuel stations
- Natural gas fuel stations
- Hydrogen fuel stations
- Electric vehicle charging stations
- Marine fuel retailers
- Aviation fuel retailers
- Heating oil retailers
Certifications, Compliance and Licenses for NAICS Code 457210-03 - Fuel (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Hazardous Materials Endorsement (HME): A certification required by the Transportation Security Administration (TSA) for drivers who transport hazardous materials. This certification ensures that drivers are aware of the risks associated with transporting hazardous materials and are trained to handle them safely. The certification is provided by the Department of Motor Vehicles (DMV).
- Petroleum Equipment Institute (PEI) Certification: A certification provided by the Petroleum Equipment Institute (PEI) for individuals who install, maintain, and repair fuel dispensing equipment. This certification ensures that individuals are trained to handle fuel dispensing equipment safely and efficiently.
- National Institute for Automotive Service Excellence (ASE) Certification: A certification provided by the National Institute for Automotive Service Excellence (ASE) for individuals who repair and maintain vehicles. This certification ensures that individuals are trained to handle fuel systems safely and efficiently.
- Environmental Protection Agency (EPA) Underground Storage Tank (UST) Certification: A certification required by the Environmental Protection Agency (EPA) for individuals who install, maintain, and repair underground storage tanks. This certification ensures that individuals are trained to handle underground storage tanks safely and efficiently.
- Occupational Safety and Health Administration (OSHA) Hazard Communication Standard (HCS) Certification: A certification required by the Occupational Safety and Health Administration (OSHA) for individuals who handle hazardous materials. This certification ensures that individuals are trained to handle hazardous materials safely and efficiently.
History
A concise historical narrative of NAICS Code 457210-03 covering global milestones and recent developments within the United States.
- The Fuel (Retail) industry has a long and rich history dating back to the early 20th century. The first gas station was opened in 1905 in St. Louis, Missouri, and by the 1920s, gas stations had become a common sight across the United States. In the 1950s, self-service gas stations were introduced, which allowed customers to pump their own gas, leading to a significant reduction in labor costs for gas station owners. In the 1970s, the oil crisis led to a significant increase in gas prices, which resulted in a shift towards more fuel-efficient cars. In recent years, the industry has seen a rise in electric and hybrid vehicles, which has led to a decline in gasoline sales. In the United States, the Fuel (Retail) industry has undergone significant changes in recent years. In 2016, the Environmental Protection Agency (EPA) introduced new regulations that required gasoline to contain more ethanol, which has led to a decrease in gasoline sales. In addition, the rise of electric and hybrid vehicles has led to a decline in gasoline sales. However, the industry has also seen an increase in convenience stores and food service offerings at gas stations, which has helped to offset some of the decline in gasoline sales.
Future Outlook for Fuel (Retail)
The anticipated future trajectory of the NAICS 457210-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Fuel (Retail) industry in the USA is positive. The industry is expected to grow due to the increasing demand for fuel and the rise in disposable income. The industry is also expected to benefit from the increasing popularity of electric vehicles, as the demand for gasoline is expected to decrease. However, the industry may face challenges due to the increasing competition from alternative fuel sources and the growing concern for the environment. Overall, the industry is expected to grow steadily in the coming years.
Industry Innovations for NAICS Code 457210-03
Recent groundbreaking advancements and milestones in the Fuel (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Mobile Payment Options: Many fuel retailers are now offering mobile payment options, allowing customers to pay for fuel using their smartphones. This innovation has made the payment process more convenient and faster for customers.
- Loyalty Programs: Fuel retailers are now offering loyalty programs to customers, providing them with discounts and rewards for their purchases. This innovation has helped fuel retailers to retain customers and increase customer loyalty.
- Electric Vehicle Charging Stations: Many fuel retailers are now offering electric vehicle charging stations, providing customers with an alternative to gasoline. This innovation has helped fuel retailers to diversify their offerings and attract new customers.
- Fuel Efficiency Improvements: Fuel retailers are now offering fuel-efficient vehicles and promoting fuel-efficient driving practices. This innovation has helped fuel retailers to reduce their environmental impact and attract environmentally conscious customers.
- Online Ordering and Delivery: Some fuel retailers are now offering online ordering and delivery services, allowing customers to order fuel from the comfort of their homes. This innovation has made the fuel purchasing process more convenient for customers.
NAICS Code 457210-03 - Fuel (Retail)
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