OPIS Low 2 and Low 3 Benchmarks provide standardized references for fuel contracts, eliminating the need for manual calculation of Low 2 or Low 3 averages. Accepted as the benchmark for wholesale fuel supply contracts, cost-plus deals, and invoice reconciliation, OPIS automates the process. As an add-on to rack reports, it's available for all delivery times and for standard, terminal, gross, and/or net reports. The OPIS Low 2 and Low 3 Benchmark averages are calculated by averaging the lowest two (or lowest three, for the Low 3 average) supplier prices per rack city, product, grade, RVP (if applicable), and octane (if it is an OPIS octane-specific rack report). The OPIS 2nd Low Premium Benchmark represents the second lowest price per rack city, product, grade, and RVP (if applicable) and octane (if it is an OPIS octane-specific rack report).

Key Features and Benefits

• Eliminate manual collection and estimation of the lowest published wholesale rack values. Use an independent third-party standardized benchmark so you avoid invoice reconciliation disputes.
• Low 2 and Low 3 averages for all suppliers.
• Branded and Unbranded Low 2 and Low 3 averages.
• A listing of the 2nd lowest price, the 2nd lowest branded price and the 2nd lowest unbranded price.
• Cost effective add-on to your wholesale rack report.