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NAICS Code· 424720

NAICS 424720: Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)

This industry comprises establishments primarily engaged in the merchant wholesale distribution of petroleum and petroleum products (except from bulk liquid storage facilities). Illustrative Examples: Gasoline merchant wholesalers (except bulk stations, terminals) Lubricating oil and grease merchant wholesalers (except bulk stations, terminals) Bottled liquid petroleum gas merchant wholesalers Fuel oil merchant wholesalers (except bulk stations, terminals) Cross-References. Establishments primarily engaged in--Show more

NAICS 424720 – Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) encompasses the wholesale distribution of refined petroleum products such as gasoline, diesel, jet fuel, heating oil, lubricants, and specialty petrochemicals to commercial, industrial, and government end-users. This sector operates as a critical link in the energy supply chain, facilitating the procurement and logistics of fuel and related products without engaging in retail sales or terminal storage operations.

109
Active Contracts
$60.9M
Total Obligations (12mo)
92
Awarded Contracts (12mo)
34
Contractors Awarded (12mo)
131
Median Bidders per Award
-94.1%
YoY Growth

Industry Spending Overview

Federal obligations, top contractors and agencies, and related industry codes for NAICS 424720.

AI Industry Description

NAICS 424720 – Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) encompasses the wholesale distribution of refined petroleum products such as gasoline, diesel, jet fuel, heating oil, lubricants, and specialty petrochemicals to commercial, industrial, and gove...

NAICS 424720 – Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) encompasses the wholesale distribution of refined petroleum products such as gasoline, diesel, jet fuel, heating oil, lubricants, and specialty petrochemicals to commercial, industrial, and government end-users. This sector operates as a critical link in the energy supply chain, facilitating the procurement and logistics of fuel and related products without engaging in retail sales or terminal storage operations. In government contracting, these wholesalers support fleet operations, emergency response, military logistics, and infrastructure maintenance across federal installations, particularly where direct fuel delivery is required but on-site storage infrastructure is not feasible. Their role is essential to sustaining operational readiness and mission continuity in both domestic and deployed environments. No contractor data is available to identify top performers in this NAICS code within the federal marketplace. However, the sector typically includes large national distributors, regional energy suppliers, and small businesses with specialized logistics capabilities, often competing on reliability, compliance with federal fuel standards, and just-in-time delivery performance. No agency data is available to identify primary buyers. Nonetheless, demand is likely driven by the Department of Defense for vehicle and equipment fueling, the General Services Administration for federal fleet operations, and agencies managing remote or mobile field operations requiring secure, certified fuel supply chains. The competitive landscape is characterized by low entry barriers for established distributors but high operational complexity due to regulatory compliance, transportation security requirements, and just-in-time delivery expectations. Opportunities exist for contractors with proven track records in federal procurement protocols, hazardous materials handling, and defense logistics integration. Trends suggest increasing emphasis on supply chain resilience and alternative fuel compatibility, though conventional petroleum products remain dominant in mission-critical applications.

Top Contractors

Companies with the highest total award value under NAICS 424720, ranked by dollars won.

Competition

How many companies historically bid on federal awards in NAICS 424720, from bidder counts reported on USAspending.

Crowded Field

Median above 5 bidders per reported award. · 106,560 reported awards

Median Bidders

131

Per reported award, all-time

Single-Bid Awards

11%

Share of reported awards with one bidder

10+ Bidder Awards

74%

Share of reported awards with 10+ bidders

Reported Awards

0

81% of 131,130 total awards

How this code compares up the NAICS hierarchy. Parent cohorts pool every code under their prefix, so they are the steadier baseline when a 6-digit sample is thin.

Industry FamilyCompetitionMedian BiddersSingle-BidBidder MixReported Awards
424720This Code
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
Crowded Field13111%
106,56081% of 131,130
42472NAICS Industry
Crowded Field13111%
106,56081% of 131,130
4247Industry Group
Petroleum and Petroleum Products Merchant Wholesalers
Crowded Field13113%
113,86082% of 139,677
424Subsector
Moderate Competition49%
3,024,00046% of 6,577,456
42Sector
Wholesale Trade
Moderate Competition318%
7,843,00441% of 19,068,846

Bidder counts reported on past federal awards in this NAICS (USAspending). An open opportunity has no bidders yet, so this is the historical norm for similar work, not a fact about this solicitation. Not all awards report bidder counts, and fewer bidders often means incumbent-held work rather than an easier win. Federal reporting of bidder counts fell from ~96% of awards (FY2016) to ~30% (FY2018 onward); the chart shows shares of reported awards, and washed-out stretches mark years with fewer than 30 of them.

Related NAICS Codes

Industries similar to Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals), by shared sector, subsector, and industry group.

Petroleum Bulk Stations and Terminals

This industry comprises establishments with bulk liquid storage facilities primarily engaged in the ...
424710Same Industry GroupHigh Similarity

Printing and Writing Paper Merchant Wholesalers

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424110Same SubsectorMedium Similarity

Stationery and Office Supplies Merchant Wholesalers

This industry comprises establishments primarily engaged in the merchant wholesale distribution of s...
424120Same SubsectorMedium Similarity

Industrial and Personal Service Paper Merchant Wholesalers

This industry comprises establishments primarily engaged in the merchant wholesale distribution of k...
424130Same SubsectorMedium Similarity

Drugs and Druggists' Sundries Merchant Wholesalers

This industry comprises establishments primarily engaged in the merchant wholesale distribution of b...
424210Same SubsectorMedium Similarity

Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers

This industry comprises establishments primarily engaged in the merchant wholesale distribution of p...
424310Same SubsectorMedium Similarity

Footwear Merchant Wholesalers

This industry comprises establishments primarily engaged in the merchant wholesale distribution of f...
424340Same SubsectorMedium Similarity

Clothing and Clothing Accessories Merchant Wholesalers

This industry comprises establishments primarily engaged in the merchant wholesale distribution of c...
424350Same SubsectorMedium Similarity

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NAICS 424720 FAQ

Frequently Asked Questions

NAICS code 424720 covers Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals). This industry comprises establishments primarily engaged in the merchant wholesale distribution of petroleum and petroleum products (except from bulk liquid storage facilities). Illustrative Examples: Gasoline merchant wholesalers (except bulk stations, terminals) Lubricating oil and grease merchant wholesalers (except bulk stations, terminals) Bottled liquid petroleum gas merchant wholesalers Fuel oil merchant wholesalers (except bulk stations, terminals) Cross-References. Establishments primarily engaged in--

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