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New & Improved -- Just Released!!
Tired of waiting for your much needed rack prices to come
through your email or fax machine? Well, the wait is over. With OPIS WebRacks,
you’re in control of when
and where you get your prices.
Sign on to start your FREE 5-day trial and start buying smarter today. With the enhanced OPIS WebRacks you can:
• Gain instant access to 11 timed updates -- including 3
critical OPIS benchmarks (Contract Average, Closing
Average and the brand new Calendar-Day Average) --
at any time via the internet.
• View 2 days worth of historical data.
•
See every move in an easy-to-read format.
•
Get access to multiple updates for pennies more
than a one-time update.
Mid-day price moves are now the rule, not the exception. OPIS WebRacks gives you access to nearly 400 rack locations
at your convenience so you can stay on top of the market,
and your competitors, all day long.
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OPIS Popular Rack Benchmarks
OPIS “freezes” supplier prices and averages by rack at key time intervals throughout the day so buyers and sellers of fuel can index their purchases to an unbiased, third-party price frozen at a fixed point in time. The averages are stored in OPIS’ TimeSeries database so customers can easily settle disputes any time by retroactively looking up the frozen averages. These averages are in gross and net formats and appear daily in the various OPIS e-mail, fax and web rack reports. The benchmarks include lows, highs and averages for all suppliers as well as branded and unbranded lows, highs and averages. Below are definitions of the three key OPIS rack benchmarks.
OPIS Contract Average: A snapshot of the average of all supplier postings in each OPIS rack market at 9:59 a.m eastern time. The snapshot includes all price moves from 6:00 p.m. the prior day up until the price file is frozen at 9:59 a.m. (Example: The Jan. 3 Contract Average encompasses all price moves that were made at 6:00 p.m. Jan. 2 up until 9:59 a.m. Jan. 3.)
OPIS Closing Average: A snapshot of the average of all supplier postings in each OPIS rack market at 5:59 p.m. eastern time. The snapshot includes all price moves from 6:00 p.m. the prior day until the price file is frozen at 5:59 p.m. (Example: The Jan. 3 Closing Average encompasses all price moves that were made at 6:00 p.m. Jan. 2 up until 5:59 p.m. on Jan. 3. It does not include any price moves made at or later than 6:00 p.m. on Jan. 3.)
OPIS Calendar-Day Average: A snapshot of the average of all supplier postings in each OPIS rack market at 11:59 p.m. eastern time. The snapshot includes all price moves from 12:00 midnight until the file is frozen at 11:59 p.m. (Example: The Jan. 3 Calendar-Day Average encompasses all price moves that were made at 12:00 a.m. (midnight) on Jan. 3 up through 11:59 p.m. on Jan. 3. Hence, it is an average of all prices on that calendar day.)
Check Out These Innovative Tools Only Found in OPIS Racks
OPIS Spot Mean shows the daily spot price in over 225 key cities for gasoline and distillate. This extra pricing data enlarges the view of the market and provides additional pricing options when buying and selling fuel.
OPIS Spot Replacement Index (SRI) links local rack markets to bulk spot markets. It then factors in the appropriate delivery costs (truck or pipeline tariffs, cost of money, terminal fees, product shrinkage, etc.) to get that spot product delivered to a particular rack in over 215 key cities.
OPIS Smart Rack integrates wholesale gasoline prices with retail gasoline lows, highs and averages by individual markets, and shows valuable profit margins at over 240 locations. Use the OPIS Smart Rack to track retail prices, determine average margins for your competitors, benchmark retail and wholesale price averages and to determine the true cost of doing business anywhere.
"We depend on
OPIS Rack Reports for an accurate price reflection to
keep not only our margins at an exceptional level, but
also to keep us competitive for our customers. Without
this tool we would be reacting too slowly to the volatile
conditions. During extreme market moves, OPIS has done
an outstanding job of keeping track of vendor outages
to help us eliminate inaccurate numbers when factoring
prices."
-- Luke Wiese, Nebraska Iowa Supply Company |
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