OPIS Gasoline & Diesel Rack Prices

Daily Prices for Wholesale Gasoline and Diesel

Gasoline and diesel rack pricing for fair and accurate wholesale fuel supply deals and transactions.

OPIS is the most widely accepted pricing index for wholesale rack prices. Benchmark OPIS gasoline and diesel rack prices are used in wholesale transactions and fuel supply contracts to give both buyers and sellers an independent and unbiased price to reference. These posted prices are crucial to any wholesale fuel supply deal with your suppliers to ensure fairness and accuracy.

As a buyer of fuel, having access to rack prices allows you to negotiate your wholesale supply contracts more effectively for a better price deal, or shop around for a different supplier. As a seller of fuel, you have an accurate and fair price to reference when invoicing your customers.

The report lists supplier posted gasoline and diesel pricing at hundreds of U.S. rack locations with various grades, types, blends and RVP included. Historical and ad-hoc rack prices are also available.

Try the gasoline & diesel rack price report free for 5 days. Delivery is via email or FTP.

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Learn more about OPIS Gas and Diesel Rack Pricing:

 

Key Features and Benefits:

  • Detailed supplier posted rack prices allow you to discover a better supplier or negotiate a better contract.
  • Rack prices are essential to reference when creating a wholesale fuel supply contract.
  • Wholesale fuel suppliers can establish trust with their buyers.
  • Wholesale fuel buyers and sellers can reconcile invoices easily.
  • Reconcile invoices, find better pricing and ensure your supplier’s charges are correct.
  • Select from a traditional report (1 unleaded, 1 midgrade and 1 premium set of prices, averages and benchmarks) or octane detail (prices, averages and benchmarks for all unique octanes in a particular grade).
  • Prices listed in a cents/gallon format, excluding taxes.
  • All files include all products and all branded and unbranded supplier detail plus OPIS low, high and averages.
  • Available in OPIS standard (one price per supplier per market) and detailed terminal (multiple prices per supplier per market) formats.
  • Choice of octane grade detail is available.
  • Both gross (straight wholesale price) and net (with prompt payment discounts included) payment terms are listed.
  • Several different benchmark delivery times to choose from.
  • OPIS Spot Mean shows the average spot price for product before shipping.
  • OPIS Spot Replacement Index (SRI) factors in the delivery costs to get a spot product delivered to a particular rack.
  • OPIS Smart Rack shows the average and low retail prices in your market.
  • Available for hundreds of terminal locations in the U.S.
  • If you need more flexibility than a daily email or need to check pricing updates several times a day, OPIS rack price delivery is available online and in real time.
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OPIS Rack Price Report Formats

Delivery Times

Note: For the three benchmark delivery times, OPIS “freezes” supplier prices and averages by rack at key time intervals so buyers and sellers can index their purchases at a fixed point in time. Branded and unbranded lows, highs and averages for all suppliers are included.

Early Morning – File will be delivered shortly after 8:00 am eastern standard time.

Contract Average Benchmark: A snapshot of the average of all supplier postings in each rack market at approximately 10:00 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 approximately 10:00 a.m. (Example: The January 8th Contract Average encompasses all price moves that were made at 6:00 p.m. January 7th up until approximately 10:00 a.m. January 8th.)

Closing Average Benchmark: A snapshot of the average of all supplier postings in each rack market by 4:59 p.m. eastern time. The snapshot includes all price moves from 6:00 p.m. the prior day until the price file is frozen by 4:59 p.m. (Example: The January 8th Closing Average encompasses all price moves that were made at 6:00 p.m. January 7th up until we freeze the prices no later than 4:59 p.m. on January 8th. It does not include any price moves made at or later than 5:00 p.m. on January 8th.)

Calendar-Day Average Benchmark: A snapshot of the average of all supplier postings in each rack market at 11:59 p.m. eastern time. The snapshot includes all price moves from 12:00 a.m. (midnight) until the file is frozen at 11:59 p.m. (Example: The January 8th Calendar-Day Average encompasses all price moves that were made at 12:00 a.m. on January 8th up through 11:59 p.m. on January 8th. Hence, it is an average of all prices on that calendar day.)

Newsletter Prices – File will be delivered once a week when OPIS freezes prices for the day, usually Thursday evenings. The prices will match the prices that appear in the following issue of the OPIS Newsletter. Keep in mind, if Thursday is a national holiday, the file will be sent on the preceding Wednesday.

 

Payment Tems

Gross – Full wholesale posted rack price with no discounts reflected.

Net – Wholesale posted rack price with prompt payment discounts included. For instance, if a supplier’s discount terms are 1-10 (one percent discount for payment within 10 days) and the gross price is 91.00, the net price would be 90.09 (91.00 times .01 = a discount of .91. Original price of 91.00 less discount of .91 = Net price of 90.09).

Octane Grade Detail

Traditional Display – Shows 1 unleaded, 1 midgrade and 1 premium set of prices, averages and benchmarks. In markets with multiple octanes, prices may be averaged together.

Octane Detail Display – Shows prices, averages and benchmarks for all unique octanes in a particular grade (unleaded, midgrade, premium). Available in both OPIS Standard Display and OPIS Terminal Display as of 8/1/14.

Display Type

Standard Display – Provides one price per product, per supplier in each market, even when suppliers post at multiple terminals. We select the primary terminal for each supplier, so the OPIS averages that are so critical for benchmarking and market analysis are not skewed.

Terminal Display – Shows product prices posted for every supplier at all terminals in a given location for total price transparency and includes the location and owner.

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“Using OPIS Racks as a benchmark gives our customers confidence that they are not being misled about base cost. It builds trust. Additionally, many public entities in our area base contracts on OPIS to justify price changes to their auditors.”
Eric Ellis Owner, Ellis Oil Company
“OPIS Racks are critical to our fuel purchasing process. We use the OPIS data to review our agreements with our various suppliers. This allows us to quickly and efficiently reconcile our invoices.”
John Jepsen Director of Energy Management, US. Foods
“Musket is a long-time user of OPIS Racks as it plays an important role in our day-to-day operations. The information is used to give Musket a bird's eye view of specific markets and to accurately price in a very competitive world. OPIS's commitment to sending timely and accurate data will help keep Musket competing in the future and beyond.”
Debbie Barnhill Fuel Pricing Supervisor, Musket Corporation

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