The lowest supplier price at that particular rack on that day. Available in standard, newsletter, and terminal display.
The OPIS Last is a price indicator of where cash or spot market prices end for each full-day spot market trading session. It provides a numerical approximation of a refined products end-of-the day value.
The highest supplier price at that particular rack on that day. Available in standard, newsletter, and terminal display.
A snapshot of the average of all supplier postings in each OPIS rack market at approximately 10:00 a.m. ET. The snapshot includes all price moves from 6:00 p.m. ET the prior day up until the price file is frozen at approximately 10:00 a.m. ET. (Example: The January 8th Contract Average encompasses all price moves that were made at 6:00 p.m. ET January 7th up until approximately 10:00 a.m. ET January 8th.)
A snapshot of the average of all supplier postings in each OPIS rack market at 4:59 p.m. ET. The snapshot includes all price moves from 6:00 p.m. ET the prior day until the price file is frozen by 4:59 p.m. (Example: The January 8th Closing Average encompasses all price moves that were made at 6:00 p.m. ET. January 7th up until we freeze the prices no later than 4:59 p.m. ET on January 8th. It does not include any price moves made at or later than 5:00 p.m. ET on January 8th.)
A snapshot of the average of all supplier postings in each OPIS rack market at 11:59 p.m. ET. The snapshot includes all price moves from 12:00 a.m. (midnight ET) until the file is frozen at 11:59 p.m. ET. (Example: The January 8th Calendar-Day Average encompasses all price moves that were made from 12:00 a.m. (midnight ET) on January 8th up through 11:59 p.m. ET on January 8th. Hence, it is an average of all prices on that calendar day.)
Published averages commonly used as a basis for buying/selling fuel: contract (approximately 10:00 a.m. ET), closing daily averages (4:59 p.m. ET), newsletter and 5-day averages published in the weekly OPIS Newsletter.
A measure of profitability based on operating expenses as a percentage of gross revenues.
The costs of handling traffic, including both direct costs (driver wages and fuel) and indirect costs (computer expenses and advertising), but excluding interest expenses.
Represents the utilization of the atmospheric crude oil distillation units. The rate is calculated by dividing the gross input to these units by the operable refining capacity of the units.