OPIS Rack Deal Evaluator

Make better fuel supply deals – compare the posted rack price against an index-based formula.

Historically, rack supply deals have used a posted wholesale rack price as a ‘basis’ for determining purchase/sale prices. However, alternative formulas with an index-based price (for example, using a spot price as a basis) are becoming more common in supply contracts.

Index-based pricing deals are often complicated to calculate manually. Now you can confidently select the best fuel supply deal with the OPIS Rack Deal Evaluator, a simple online tool that does the math for you and immediately indicates which deal is better.

Try the OPIS Rack Deal Evaluator free for 4 weeks.

View the Rack Deal Evaluator fact sheet.

Key Features and Benefits

  • Gain flexibility when negotiating and finalizing contracts.
  • Compare your index-based deal against a posted rack price quickly and easily.
  • Evaluate how your deals performed for an entire contract period with access to one year of historical data.
  • Save favorites queries so you can run them repeatedly without having to start from scratch.
  • Evaluate how your deals performed for an entire contract period with access to one rolling year of historical data.
  • Export detailed output that includes rack prices and moves from all suppliers in your market.
  • Evaluate combination deals – build deals using percentages from up to three different basis values.
  • Use any pricing index to build and calculate your deal.
  • Delivered spot values show what you would have paid for product in the spot market.
  • Compare apples to apples with normalized prices.
  • View detailed output rack prices and moves from all suppliers in your market.
Start Your Free 4 Week Trial

In just a few steps you can quickly decide which deal is better. Here’s how the OPIS Rack Deal Evaluator works:

  1. Pick your date or date range – you can even access information from today, provided the benchmark has already happened.
  2. Select your OPIS benchmark – Contract, Closing, or Calendar Day.
  3. Input your rack details – choose your format (OPIS Standard or Terminal), price type (gross or net), city, product and terminal (if applicable), supplier or benchmark.
  4. Define your deal – pick either “fixed number” or select “formula”.
  5. Enter the details of your deal – input your fixed deal in $/gal, or build your formula deal using NYMEX, spot or rack differentials. You can also calculate your combination formula deal using one differential and multiple basis starting points.
  6. Add or remove fees – pipeline, RINs fees or define your own.
  7. Get results within seconds!