Wholesale Rack Pricing Overview

What is a wholesale rack market?

“Rack” or “Wholesale” purchases are made along a fuel distribution system – usually a pipeline. Transactions are approximately 8,000 gallons and are made at 1,500 terminals in nearly 400 market locations across the U.S.

Companies that re-sell fuel (jobbers) as well as retailers or end users (e.g., trucking companies) pull fuel products from wholesale racks. Wholesale rack prices move up or down each day at 6pm, based on the movements of the volatile spot market. Intraday price moves and regional price swings are common.

Learn about our wholesale rack methodology.

Rack prices help you verify invoices and negotiate with suppliers.

OPIS U.S. gasoline, diesel and biodiesel rack pricing reports are independent resources to verify supplier prices, reconcile invoice discrepancies, negotiate rack supply contracts and take advantage of buying/selling opportunities in the market. Supplier posted wholesale propane rack and contract pricing is also available. International rack pricing is available for Mexico, Canada  and Australia.

Choose to receive daily wholesale rack prices through email, on the web or in real time. For advanced data solutions, Axxis Software provides extensive software automation for streamlining your wholesale business operations and pricing/invoicing.

OPIS also offers an online alternative to daily pricing as well specialty rack pricing reports for increased visibility into more granular pricing when creating supply contracts:

Rack price delivery type and frequency are flexible. We can also customize formats to feed prices into back-end systems for accounts payable or receivable. Free trials are available for nearly all OPIS rack pricing products. Looking for historical data? Please view our Price History products.

OPIS is the oil industry’s rack price benchmark.

OPIS pioneered rack price discovery over 30 years ago, bringing visibility into an obscure marketplace. Today, billions of gallons of gasoline and diesel sold in the U.S. are based on OPIS rack benchmarks. As an independent wholesale price reference, the industry relies on our benchmark rack data to ensure that fuel transactions and supply contracts are accurate and fair.

 

OPIS Rack Pricing Products

“We rely on OPIS Rack data to provide an accurate history of prices which we use to evaluate current vs. historical basis levels as well as using this data to prepare studies to evaluate best purchasing methods or supply contracts at specific rack locations.”
Jim Burr Vice President of Energy Products, FCStone, LLC
“We depend on OPIS Racks 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 Fuel Pricing Manager, Nebraska Iowa Supply Company
“In today's volatile price environment, OPIS provides real-time information which is both meaningful and actionable for our day-to-day supply decisions. We rely on OPIS to provide accurate and timely indications from rack sellers in each one of our local markets.”
Brian Schaller Senior Director, Petroleum Supply & Trading, Wawa, Inc.