Rack Fuel Price

The rack price also depends upon the distance between the fuel retailer and wholesale terminal.

Rack fuel price. Gasoline and diesel rack pricing for fair and accurate wholesale fuel supply deals and transactions. Fuel is then picked up from the rack usually by truck and delivered to the end user example. Opis wholesale gasoline and diesel pricing is benchmarked in the u s meaning it is the standard price reference for wholesale fuel transactions and supply contracts. Prices are updated at approximately 3 00 am est edt.

Gas prices can vary and change at a rapid pace even between different gas stations in the same town. Terminal rack price postings are effective midnight local time for the locations listed on the date cited above for freight on board fob or pick up of product at terminals listed. The price is the average of daily rack pricing from saturday to friday effective the next saturday. One of the reasons the price changes so much is due to the fuel rack price.

Rack prices do not include taxes or freight charges to carry the fuel from the rack to the retail station. 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. The products sold at the rack include most grades of gasoline distillate biodiesel pure ethanol and in some cases jet fuel.