42471 - Petroleum Bulk Stations and Terminals
When navigating the complex landscape of government contracting and industry classification, understanding NAICS Code 42471 is crucial for businesses involved in the petroleum sector. Known as Petroleum Bulk Stations and Terminals, this classification is key for companies specializing in the storage and wholesale distribution of petroleum products. Whether you're a distributor, a storage operator, or an industry analyst, knowing what falls under NAICS 42471 can unlock new opportunities and clarify market positioning.
What Is NAICS Code 42471?
NAICS Code 42471 covers establishments primarily engaged in the storage and wholesale distribution of petroleum products. This includes gasoline, diesel fuel, lubricants, and other related products. These facilities typically operate as bulk stations and terminals that act as critical distribution hubs for petroleum supply chains.
Sector Overview: Wholesale Trade
This NAICS code is part of the Wholesale Trade sector (Sector 42), which encompasses businesses that sell goods to retailers, industrial, commercial, institutional, or other professional business users, or to other wholesalers. Specifically, 42471 focuses on the petroleum wholesale trade segment, where bulk handling and storage are essential components.
Typical Business Activities Under NAICS 42471
- Operation of gasoline distribution terminals
- Bulk storage of diesel fuel and other petroleum products
- Wholesale distribution of lubricants and fuel oils
- Management of petroleum product delivery to retailers, industrial users, and other distributors
Size Standards for NAICS 42471
For Federal contracting and Small Business Administration (SBA) purposes, size standards dictate business eligibility. The size standard for NAICS Code 42471 is typically determined by average annual receipts.
- Size Standard: Maximum of $41.5 million in average annual receipts to qualify as a small business under this NAICS code.
This threshold aligns with SBA standards and helps businesses determine their classification for contracting and compliance.
Examples of Businesses Classified Under NAICS 42471
- Gasoline Distribution Terminals: Facilities that receive gasoline shipments and distribute them to retail gas stations or commercial clients.
- Diesel Fuel Bulk Storage Facilities: Large storage units that house diesel fuel for sale or redistribution.
- Petroleum Product Wholesale Distributors: Companies that wholesale prevent petroleum products including lubricants, heating oils, and other fuel oils to various end-users.
These businesses are essential in maintaining a steady flow of petroleum products across regions, facilitating both local and interstate commerce.
NAICS Code 42471 Details Table
| Category | Description |
|---|---|
| NAICS Code | 42471 |
| Industry Title | Petroleum Bulk Stations and Terminals |
| Sector | Wholesale Trade (Sector 42) |
| Primary Activity | Storage and wholesale distribution of petroleum products |
| Typical Businesses | Gasoline distribution terminals, diesel fuel storage facilities, petroleum product wholesale distributors |
| Size Standard | $41.5 Million (average annual receipts) |
Frequently Asked Questions (FAQs)
What products are covered under NAICS 42471?
NAICS 42471 includes gasoline, diesel fuel, heating oils, lubricants, and other related petroleum products.
Is NAICS Code 42471 only for wholesale distributors?
Primarily, yes. This code focuses on bulk stations and terminals that operate wholesale distribution and storage. Retail sales are classified differently.
How can a business determine if it qualifies as small under this NAICS?
By reviewing its average annual receipts; if the business earns $41.5 million or less annually, it is considered small under NAICS 42471.
Can a petroleum terminal also be engaged in refining?
No. Refining operations fall under different NAICS codes specific to manufacturing (NAICS 32411). NAICS 42471 pertains only to storage and wholesale distribution.
How does NAICS 42471 differ from other petroleum NAICS codes?
NAICS 42471 focuses on the wholesale trade and storage aspect, while other codes address retail sales, manufacturing, or pipeline transportation.
Conclusion
Understanding NAICS Code 42471 - Petroleum Bulk Stations and Terminals helps businesses in the petroleum wholesale trade identify their industry classification for government contracting, market research, and compliance purposes. With a clear focus on storage and wholesale distribution of petroleum products, companies operating gasoline terminals, diesel storage, and lubricant wholesale distribution fit squarely within this designation.
By knowing the size standards and typical business activities, firms can better position themselves for success in the petroleum wholesale distribution sector and navigate government and commercial opportunities more effectively.
Keywords: NAICS code 42471, Petroleum Bulk Stations and Terminals, wholesale trade petroleum, gasoline distribution terminals, diesel fuel storage, petroleum products wholesale distribution, NAICS size standards, petroleum industry NAICS codes
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