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 more essentials about rack pricing.
Learn about our wholesale rack methodology.
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.
- OPIS publishes rack pricing for Mexico, Canada and Australia.
- Supplier posted propane rack and contract pricing is also available.