OPIS customer service super sleuth Regina Flake barely had time to put down her coffee when the call came in early Saturday
Rack Market, Gas & Diesel
Oil Market Basics, Retail Market
The retail portion of the fuel chain is the most visible to the general public and likely the most complex to navigate.
NGL & LPG, Spot Market
Anyone working in the gas liquids market knows the need (and hassle) to convert global NGLs.
NGLs — a.k.a. ethane, propane,
Once fuel leaves the refinery gate, the next step in the price chain is the wholesale rack.
Spot Market, Rack Market, Gas & Diesel
Fun fact of the day: refiners, generally speaking, don’t make gasoline.
Spot fuel markets are where gasoline, diesel, jet fuel and other commodities get a physical price tag.