Rack Formats:

• OPIS 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.
• OPIS 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.

Grade Detail:

• OPIS 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.
• OPIS 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.

Price Type:

• Gross - Straight wholesale posted rack price.
• 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).

Delivery:

• Email - File will be emailed to you at the time you specify.
• Web - You will be given a user ID and password. You can check our web site up to 4 times a day. This allows you to see if there are any mid-day moves that change the rack average.

Timing:

• Early Morning - File will be delivered shortly after 8:00 am eastern standard time.
• Contract Averages - 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.)
• Daily Closing - A snapshot of the average of all supplier postings in each rack market by 4:59 p.m. eastern time (except for on major holidays, when the closing rack prices are archived at 2:00 p.m.). 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.)
• 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.

* Note - All files include all products and all supplier detail with prices listed in a cents/gallon format, excluding taxes. If you prefer a customized format, please call 888-301-2645 and speak to an OPIS Account Representative.