Rack Prices

Free Trial of OPIS Daily Wholesale Rack Prices for Gasoline and Diesel

Daily Wholesale Gasoline and Diesel Pricing

Benchmark OPIS rack prices are used in wholesale fuel sales and purchases. With an accurate, unbiased reference at hand, both seller and buyer have terms they can agree upon. Rack prices are crucial to any wholesale rack deal with your suppliers to ensure fairness.

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 OPIS Rack Price Report lists supplier posted gasoline and diesel pricing (with various grades, types, blends and RVP included) for hundreds of U.S. rack locations.

Free Rack Price Report Trial

Start your risk and obligation-free trial to the Rack Price Report now. It is a 5-day trial. Please allow 24-48 hours for your trial to be set up. Your report is delivered via email. Try the rack report free for 5 days.

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An OPIS account representative will contact you during your trial to answer any questions. The reports are customizable and we are happy to filter the report’s data or delivery type to serve your exact needs.

OPIS Rack Price Report: Key Features & Benefits

  • OPIS is the most widely accepted pricing index for rack prices.
  • Detailed supplier posted rack prices allow you to discover a better supplier or negotiate a better contract.
  • Rack prices are essential when creating a wholesale fuel supply contract.
  • Sellers can establish trust with their buyers.
  • Wholesale fuel buyers and sellers can reconcile invoices easily.
  • All files include all products and all branded and unbranded supplier detail plus OPIS low, high and averages.
  • Available for hundreds of terminal locations in the U.S.
  • Both gross and net payment terms are available.
  • Prices listed in a cents/gallon format, excluding taxes.
  • Several different benchmark delivery times to choose from.
  • Choice of octane grade detail is available.
  • OPIS Spot Mean shows the average spot price for product before shipping.
  • OPIS Spot Replacement Index (SRI) shows the delivery costs to get spot gasoline/diesel delivered to a particular terminal.
  • OPIS Smart Rack shows the average and low retail gasoline and diesel prices in your market.
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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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“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
“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
“We depend on OPIS Racks for an accurate price reflection to keep not only our margins at an exceptional level, but also to keep us competitive for our customers. Without this tool we would be reacting too slowly to the volatile conditions. During extreme market moves, OPIS has done an outstanding job of keeping track of vendor outages to help us eliminate inaccurate numbers when factoring prices.”
Luke Wiese Fuel Pricing Manager, Nebraska Iowa Supply Company