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:
- Invoice Checker is a low-cost option for pulling a specific day(s) rack prices from our online database.
- Bottom-line pricing for rack transactions conducted below the posted OPIS Rack Low.
- Adjust supply contracts for product shrinkage or expansion due to changes in temperature.
- Independently-calculated Low 2 and Low 3 average benchmark.
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.