The OPIS Temperature Correction Assessment Report accounts for changes in the amount of delivered fuel volume due to temperature fluctuations causing compression or expansion of product.
Every degree above or below the industry’s reference temperature of 60 degrees Fahrenheit means the amount of product dispensed is more or less than what is actually received. Colder temperatures tend to put suppliers at a greater disadvantage while hotter temperature sees buyers netting less fuel than they were contracted to receive.
OPIS provides the information for either party to avoid financial risk and create accurate formulas that accommodate for temperature shifts when creating fuel supply deals. Using a proprietary formula derived from previous day weather information and OPIS rack prices, this daily report shows assessed values at rack locations in 34 states.
Try the OPIS Temperature Correction Assessment Report free for 10 days. You’ll receive a daily file via email.