42472 - Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
Navigating the complex world of government contracting and business classification is easier when you understand the specifics of each NAICS code. One such critical classification is NAICS Code 42472, which pertains to the wholesale trade of petroleum products. If you’re involved in selling gasoline, diesel, lubricants, or other petroleum-based products—excluding bulk stations and terminals—this code directly relates to your business activities.
In this blog post, we delve deep into NAICS Code 42472, highlighting its definition, sector relevance, typical business activities, size standards, and more. Whether you're a business owner, contractor, or researcher, this guide will help you get a clear picture of this industry segment.
What is NAICS Code 42472?
NAICS Code 42472 corresponds to the industry titled:
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
This classification includes establishments primarily engaged in merchant wholesale distribution of petroleum and petroleum products. Specifically, it excludes businesses operating bulk stations and terminals. Instead, businesses in this category sell petroleum goods directly to retailers, commercial users, or industrial clients.
Key Products Distributed:
- Gasoline
- Diesel fuel
- Lubricants
- Other petroleum-based products
Sector Overview: Wholesale Trade
NAICS 42472 falls under the broader sector of Wholesale Trade, which involves the bulk distribution of goods to other businesses rather than individual consumers. As a crucial part of the supply chain, wholesalers in this sector act as intermediaries between manufacturers and retail or industrial buyers.
Typical Business Activities Include:
- Purchasing petroleum products in bulk from producers
- Storing and managing inventory of fuels and lubricants
- Distributing petroleum products to gas stations, industrial plants, and commercial users
- Providing logistical support without operating bulk terminals
Size Standards and Eligibility for Government Contracting
For government contracting and regulatory purposes, understanding the size standards associated with NAICS codes is essential.
- Small Business Size Standard: Typically, for NAICS 42472, the Small Business Administration (SBA) defines a small business as one with annual receipts of up to $38.5 million.
- Businesses meeting this criterion are eligible for small business programs and set-aside contracts in government procurement.
Confirm the latest size standards on the SBA website, as these can be updated periodically.
Examples of Businesses under NAICS Code 42472
To better understand the kinds of businesses represented by NAICS 42472, here are some typical examples:
- Gasoline Distributors: Companies that buy and sell gasoline to gas stations and commercial fleets.
- Lubricant Wholesalers: Businesses specializing in bulk sales of engine oils, greases, and other lubricants to automotive and industrial clients.
- Fuel Oil Wholesalers: Firms that distribute fuel oil for heating or industrial purposes to end users or resellers.
NAICS Code 42472 Details Table
| Attribute | Details |
|---|---|
| NAICS Code | 42472 |
| Industry Title | Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) |
| Sector | Wholesale Trade |
| Primary Activities | Merchant wholesale distribution of petroleum products excluding bulk stations and terminals |
| Typical Products | Gasoline, diesel fuel, lubricants, fuel oils, and other petroleum-based products |
| Business Types | Gasoline distributors, lubricant wholesalers, fuel oil wholesalers |
| Size Standard (SBA) | $38.5 million in average annual receipts (subject to change) |
| Exclusions | Bulk stations and petroleum terminals |
Frequently Asked Questions (FAQ)
1. What businesses are excluded from NAICS Code 42472?
Answer: This code excludes businesses operating bulk stations and petroleum terminals. These activities fall under different NAICS codes, such as 424710 for bulk terminal operators.
2. Can gas stations fall under NAICS 42472?
Answer: No. Retail gas stations are classified under different NAICS codes related to retail trade, not wholesale distribution.
3. How is this code used in government contracting?
Answer: NAICS 42472 is used to classify businesses when applying for government contracts or certification as a small business. Proper classification helps businesses compete for relevant procurement opportunities.
4. Where can I verify the current small business size standard for this NAICS code?
Answer: The Small Business Administration (SBA) website maintains updated size standards and is the authoritative source for eligibility criteria.
Conclusion
Understanding NAICS Code 42472 is vital for businesses involved in wholesale distribution of petroleum products. From gasoline distributors to lubricant wholesalers, this classification defines the scope of activities and guides eligibility for government programs. By knowing the sector, size standards, and the kinds of businesses included, you position yourself better for contracts and market opportunities within the wholesale petroleum industry.
For more insights into government contracting and NAICS codes, stay tuned to our blog!
Keywords: NAICS Code 42472, Petroleum Products Wholesale, Gasoline Distributor, Lubricant Wholesaler, Fuel Oil Wholesale, NAICS size standards, Wholesale Trade Petroleum, Government Contracting Petroleum
