What is a wholesale rack market for fuels?
“Rack” or “Wholesale” purchases are made along a fuel distribution system – usually a pipeline. Transactions are approximately 8,000 gallons and are made at 1,500 terminals in nearly 400 market locations across the U.S.
Energy companies that re-sell fuel (jobbers) as well as retailers or end users (e.g., trucking companies) pull fuel products from wholesale racks. Wholesale rack prices move up or down each day at 6pm, based on the movements of the volatile spot market. Intraday price moves and regional price swings are common.
Learn about our wholesale rack methodology.
Daily wholesale rack prices for U.S. and international markets
OPIS U.S. wholesale gasoline and diesel rack pricing reports are independent data resources to verify supplier prices, reconcile invoice discrepancies, negotiate better rack supply contracts and take advantage of buying/selling opportunities in the wholesale energy market. Supplier posted wholesale propane rack and contract pricing and biodiesel pricing are also available for U.S. markets.
Choose to receive daily wholesale rack prices through email, FTP, API or via web with OPIS RackPro. International gasoline and diesel rack pricing is available for Mexico, Canada and Australia.
> > Download a visual example of how end-users can use OPIS wholesale rack prices in real-world context.
Looking for historical data? Please view our Price History products.
Specialty rack reports for granular fuel price insight
OPIS also offers an online tool for “as-needed” gasoline and diesel pricing as well specialty rack pricing reports for increased visibility into more granular pricing options when creating supply contracts:
- Bottom-line pricing for rack transactions conducted below the posted OPIS Rack Low.
- Adjust supply contracts for product shrinkage or expansion due to changes in temperature.
- Independently-calculated Low 2 and Low 3 average benchmark.
Looking for more advanced data and software solutions? Axxis provides extensive software automation for streamlining your wholesale business operations and pricing/invoicing.
