| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 4 | Frank Mundy | 99 | E.C. Kiekhaefer | 1954 Chrysler | 150 | 2,568 | running | 93 |
| 2 | 3 | Sam Hanks | 45 | 1954 Hudson Hornet | 150 | 1,798 | running | ||
| 3 | 1 | Marshall Teague | 6 | 1954 Hudson Hornet | 150 | 1,284 | running | ||
| 4 | 13 | Les Snow | 16 | 1953 Hudson | 149 | 899 | running | ||
| 5 | 9 | Don Miller | 68 | 1954 Chrysler | 149 | 642 | running | ||
| 6 | 8 | Pat Flaherty | 31 | 1953 Hudson | 149 | 546 | running | ||
| 7 | 10 | Jim Rathmann | 21 | 1954 Oldsmobile | 148 | 475 | running | ||
| 8 | 17 | Jim Murray | 46 | 1954 Buick Century | 147 | 462 | running | ||
| 9 | 7 | Don O'Dell | 2 | 1954 Packard | 147 | 456 | running | ||
| 10 | 14 | Rodger Ward | 22 | 1953 Packard | 147 | 449 | running | ||
| 11 | 15 | Frank Burany | 9 | 1954 Oldsmobile | 145 | 353 | running | ||
| 12 | 19 | Johnny Mantz | 25 | 1954 Mercury | 145 | 340 | running | ||
| 13 | 2 | Lou Figaro | 87 | 1954 Hudson | 143 | 282 | running | ||
| 14 | 12 | Norm Nelson | 15 | 1954 Oldsmobile | 143 | 270 | running | ||
| 15 | 6 | Red Byron | 71 | 1953 Hudson | 143 | 244 | running | ||
| 16 | 24 | Lowell Henderson | 36 | 1953 Oldsmobile | 142 | 238 | running | ||
| 17 | 23 | Walt Faulkner | 92 | 1954 Oldsmobile | 142 | 186 | running | ||
| 18 | 16 | Art Lamey | 76 | 1953 Nash | 141 | 180 | running | ||
| 19 | 21 | Al Baltes | 19 | 1952 Hudson | 139 | 167 | running | ||
| 20 | 11 | Ray Crawford | 49 | 1953 Lincoln | 138 | 154 | running | ||
| 21 | 22 | Paul Goldsmith | 38 | 1954 Ford | 138 | 116 | running | ||
| 22 | 29 | Jim Caris | 23 | 1954 Oldsmobile | 137 | 109 | running | ||
| 23 | 27 | Don Dunfee | 41 | 1954 Oldsmobile | 135 | 103 | running | ||
| 24 | 25 | Clarence LaRue | 8 | 1954 Hudson | 135 | 96 | running | ||
| 25 | 37 | Ray Butler | 77 | 1953 Studebaker | 134 | 83 | running | ||
| 26 | 20 | Cal Niday | 3 | 1954 Oldsmobile | 132 | 77 | running | ||
| 27 | 31 | Bill Hubbard | 56 | 1954 Ford | 130 | 71 | running | ||
| 28 | 32 | Russ Roohr | 78 | 1954 Chevrolet | 129 | 64 | running | ||
| 29 | 30 | Ed Sheeler | 18 | 1954 Oldsmobile | 129 | 64 | running | ||
| 30 | 18 | Allen Swenson | 7 | 1954 Hudson | 128 | 64 | running | ||
| 31 | 33 | Scoop Hauser | 17 | 1952 Hudson | 126 | 20 | running | ||
| 32 | 38 | Bill Shoulders | 73 | 1952 Plymouth | 125 | 20 | running | ||
| 33 | 36 | Bill Parks | 43 | 1954 Ford | 120 | 20 | running | ||
| 34 | 35 | Norman Werch | 97 | 1954 Ford | 119 | 20 | running | ||
| 35 | 5 | Chuck Stevenson | 98 | E.C. Keikhaefer | 1954 Chrysler | 94 | 20 | fuel pump | |
| 36 | 34 | Elroy Larsen | 96 | 1953 Chevrolet | 90 | 20 | exhaust pipe | ||
| 37 | 28 | Kenny Reeder | 48 | 1953 Dodge | 76 | 20 | accident | ||
| 38 | 26 | James Lewis | 12 | 1954 Ford | 76 | 20 | accident | ||
| Bill Shoulders | 1954 Buick Century | 0 | did not qualify | 0 | |||||
| Bob Christie | 3 | 1953 Nash | 0 | did not qualify | 0 | ||||
| Buck Barr | 1953 Chevrolet | 0 | did not qualify | 0 | |||||
| Harry Turner | 54 | 1954 Nash | 0 | did not qualify | 0 | ||||
| Fred Blickle | 14 | 1954 Buick Century | 0 | did not qualify | 0 | ||||
| Herb Schiller | 32 | 1952 Packard | 0 | did not qualify | 0 | ||||
| Charles Livengood | 1954 Mercury | 0 | did not qualify | 0 | |||||
| Gus Ray | 35 | 1953 Chevrolet | 0 | did not qualify | 0 | ||||
| Tex West | 1954 Nash | 0 | did not qualify | 0 | |||||
| Eddie Guatisha | 1954 Oldsmobile | 0 | did not qualify | 0 |