42472

Analysis

NAICS 42472 is the 2022 NAICS industry for petroleum and petroleum products merchant wholesalers (except bulk stations and terminals), part of 4247 (Petroleum and Petroleum Products Merchant Wholesalers).

It has only one more detailed code, 424720, which covers exactly the same activities; the definition, index entries and statistics are on that page.

County Business Patterns counts 2,466 US establishments in this code in 2023, employing 34,403 people at an average annual payroll of $127,083 per employee (93rd percentile of national industries). 50% of the establishments have fewer than five employees, which is close to the national mix.

By establishments it ranks 2nd of the 2 codes at this level within Petroleum and Petroleum Products Merchant Wholesalers, with 39.7% of them.

Between 2018 and 2023 the number of establishments grew 1% and employment rose 3%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.