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NAICS 424720

Petroleum & Petroleum Products Merchant Wholesalers (Except Bulk Stations & Terminals)

Key Figures

Establishments
2,466
Census CBP · 2023
Employment
34,403
Census CBP · 2023
Market size
$832.6B
Census Economic Census · 2022

Figures are published for NAICS 424720 directly.

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Official definition

This industry comprises establishments primarily engaged in the merchant wholesale distribution of petroleum and petroleum products (except from bulk liquid storage facilities).

Source: US Census Bureau, 2017 NAICS Definitions. Public domain.

Illustrative examples

  • Bottled liquid petroleum gas merchant wholesalers
  • Gasoline merchant wholesalers (except bulk stations, terminals)
  • Fuel oil merchant wholesalers (except bulk stations, terminals)
  • Lubricating oil and grease merchant wholesalers (except bulk stations, terminals)

Which code does this activity belong in?

Petroleum and petroleum products merchant wholesalers in this industry distribute products from facilities other than bulk liquid storage installations. Establishments operating bulk liquid storage facilities for petroleum and petroleum products are classified in Petroleum Bulk Stations and Terminals. The distinction turns on the type of facility from which distribution occurs; merchant wholesalers here operate non-bulk distribution operations, while bulk stations and terminals handle large-volume liquid storage and distribution.

VantaInsights Analysis AI-drafted

Where this sits

42 Wholesale Trade424 Merchant Wholesalers, Nondurable Goods4247 Petroleum and Petroleum Products Merchant Wholesalers42472 Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)