Don’t waste time calculating a Low 2 or Low 3 average. OPIS is the accepted benchmark for wholesale fuel supply contracts, cost-plus deals and invoice reconciliation does the work for you. As an add-on to your rack reports, it’s available for all delivery times and for standard, terminal, gross and/or net reports.
The OPIS Low 2 and Low 3 Benchmark averages are calculated by averaging the lowest two (or lowest three, for the low 3 average) supplier prices per rack city, product, grade, RVP (if applicable) and octane (if it is an OPIS octane specific rack report). The OPIS 2nd Low Premium Benchmark represents the second lowest price per rack city, product, grade and RVP (if applicable) and octane (if it is an OPIS octane specific rack report).