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OPIS Enhanced Bottom Line Report

Discover the lowest price paid for wholesale gasoline, diesel and ethanol.

January 2025 Recap:

 
The OPIS Bottom Line Report provides additional insight into offers observed in the downstream oil markets in the US at prices under the OPIS Terminal Rack Low. The January analysis takes a closer look at observed bottom line offers in the Rockies. This month highlights deep discounts in Salt Lake City, UT and Cheyenne, WY for diesel and Denver, CO and Colorado Springs, CO for gasoline.
 
Ultra-Low Diesel No2
 
Salt Lake City, UT - OPIS observed around 15 offers each day averaging 7cts/gal under the OPIS Terminal Low and 10cts/gal higher than the observed market floor price.
 
Cheyenne, WY - OPIS observed around 10 offers each day averaging 10cts/gal under the OPIS Terminal Low and 4cts/gal higher than the observed market floor price.

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Unl CBOB Ethanol 10%
 
Denver, CO - OPIS observed around 9 offers each day averaging 10cts/gal under the OPIS Terminal Low and 16cts/gal higher than the observed market floor price.
 
Colorado Springs, CO - OPIS observed around 6 offers each day averaging 14cts/gal under the OPIS Terminal Low and 7cts/gal higher than the observed market floor price.

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How do Bottom Line Prices in the Rockies stack up against Spot Prices?

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Key Markets in 2024

The OPIS Bottom Line Report provides additional insight into offers observed in the downstream oil markets in the US at prices under the OPIS Terminal Rack Low. In 2024, OPIS published Bottom Line Prices for 373 rack cities and 187 products. A few of the key markets are highlighted below.
 
Ultra-Low Diesel No2
Chicago, IL - OPIS observed around 36 offers each day averaging 4cts/gal under the OPIS Low, 6cts/gal higher than the observed market floor price. 
 
Denver, CO - OPIS observed around 28 offers each day averaging 4cts/gal under the OPIS Low, 10cts/gal higher than the observed market floor price.
 
Hammond, IN - OPIS observed around 23 offers each day averaging 3cts/gal under the OPIS Low, 3cts/gal higher than the observed market floor price.
chicago blr

 

Unl CBOB Ethanol 10%

St. Louis, MO - OPIS observed around 17 offers each day averaging 3cts/gal under the OPIS Low, 3cts/gal higher than the observed market floor price.
 
Miami, FL - OPIS observed around 15 offers each day averaging 4cts/gal under the OPIS Low, 4cts/gal higher than the observed market floor price.
 
Hearne, TX - OPIS observed around 12 offers each day averaging 6cts/gal under the OPIS Low, 2cts/gal higher than the observed market floor price.st louis

NOVEMBER RECAP 2024:

The OPIS Bottom Line Report provides additional insight into offers observed in the downstream oil markets in the US at prices under the OPIS Terminal Rack Low. The November analysis takes a closer look at observed bottom line offers in the Rockies.
 
Ultra-Low Diesel No2
 
Billings, MT - OPIS observed around 7 offers each day averaging 5.9cts/gal under the OPIS Low, 13.4cts/gal higher than the ultimate bottom line price.
 
Cheyenne, WY - OPIS observed around 6 offers each day averaging 7.6cts/gal under the OPIS Low, 4.6cts/gal higher than the ultimate bottom line price.
 
Denver, CO - OPIS observed around 42 offers each day averaging 11.2cts/gal under the OPIS Low, 14.1cts/gal higher than the ultimate bottom line price.

Fountain, CO - OPIS observed around 8 offers each day averaging 5.4cts/gal under the OPIS Low, 7.7cts/gal higher than the ultimate bottom line price.
image-Nov-22-2024-09-39-45-9587-AM
 

Unl CBOB Ethanol 10%

 
Casper, WY - OPIS observed around 5 offers each day averaging 0.8cts/gal under the OPIS Low, 0.5cts/gal higher than the ultimate bottom line price.
 
Denver, CO - OPIS observed around 10 offers each day averaging 9.8cts/gal under the OPIS Low, 14.5cts/gal higher than the ultimate bottom line price.

Fountain, CO - OPIS observed around 6 offers each day averaging 6.1cts/gal under the OPIS Low, 7.3cts/gal higher than the ultimate bottom line price.

Salt Lake City, UT - OPIS observed around 6 offers each day averaging 4.8cts/gal under the OPIS Low, 6.8cts/gal higher than the ultimate bottom line price.

Sinclair, WY - OPIS observed around 5 offers each day averaging 4.2cts/gal under the OPIS Low, 2.8cts/gal higher than the ultimate bottom line price.
 

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How do Bottom Line Prices in the Rockies stack up against Spot Prices?

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OCTOBER 2024 RECAP:

The OPIS Bottom Line Report provides additional insight into offers observed in the downstream oil markets in the US at prices under the OPIS Terminal Rack Low. The October analysis takes a closer look at observed bottom line offers in the Rockies.
 
Ultra-Low Diesel No2
 
Albuquerque, NM - OPIS observed around 13 offers each day averaging 3.7cts/gal under the OPIS Low, 4.5cts/gal higher than the ultimate bottom line price.
 
Billings, MT - OPIS observed around 6 offers each day averaging 5.9cts/gal under the OPIS Low, 11.4cts/gal higher than the ultimate bottom line price.
 
Denver, CO - OPIS observed around 30 offers each day averaging 6.9cts/gal under the OPIS Low, 16.4cts/gal higher than the ultimate bottom line price.

Fountain, CO - OPIS observed around 7 offers each day averaging 3.4cts/gal under the OPIS Low, 3.5cts/gal higher than the ultimate bottom line price.
 
Salt Lake City, UT - OPIS observed around 17 offers each day averaging 6.5cts/gal under the OPIS Low, 20.8cts/gal higher than the ultimate bottom line price.
unnamed-Oct-21-2024-06-54-03-6527-PM
Unl CBOB Ethanol 10%

Albuquerque, NM - OPIS observed around 8 offers each day averaging 2.7cts/gal under the OPIS Low, 3.2cts/gal higher than the ultimate bottom line price.

Colorado Springs, CO - OPIS observed around 4 offers each day averaging 18.3cts/gal under the OPIS Low, 8.7cts/gal higher than the ultimate bottom line price.
 
Denver, CO - OPIS observed around 10 offers each day averaging 9.7cts/gal under the OPIS Low, 10.8cts/gal higher than the ultimate bottom line price.
 
Fountain, CO - OPIS observed around 5 offers each day averaging 5.8cts/gal under the OPIS Low, 8.6cts/gal higher than the ultimate bottom line price.

Sinclair, WY - OPIS observed around 5 offers each day averaging 3.7cts/gal under the OPIS Low, 2.7cts/gal higher than the ultimate bottom line price.
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How do Bottom Line Prices in the Rockies stack up against Spot Prices?

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SEPTEMBER 2024 RECAP:

The OPIS Bottom Line Report provides additional insight into offers observed in the downstream oil markets in the US at prices under the OPIS Terminal Rack Low. The September analysis takes a closer look at observed bottom line offers in the Rockies.
 
Ultra-Low Diesel No2
 
Albuquerque, NM - OPIS observed around 13 offers each day averaging 7.9cts/gal under the OPIS Low, 6.8cts/gal higher than the ultimate bottom line price.

Cheyenne, WY - OPIS observed around 11 offers each day averaging 10.9cts/gal under the OPIS Low, 5.9cts/gal higher than the ultimate bottom line price.
 
Denver, CO - OPIS observed around 21 offers each day averaging 4.1cts/gal under the OPIS Low, 7.9cts/gal higher than the ultimate bottom line price.

Fountain, CO - OPIS observed around 8 offers each day averaging 11.9cts/gal under the OPIS Low, 9.0cts/gal higher than the ultimate bottom line price.
 
Salt Lake City, UT - OPIS observed around 18 offers each day averaging 5.8cts/gal under the OPIS Low, 23.4cts/gal higher than the ultimate bottom line price.
 
image-Sep-18-2024-06-13-17-9681-PM
 
Unl CBOB Ethanol 10%
 
Albuquerque, NM - OPIS observed around 12 offers each day averaging 9.0cts/gal under the OPIS Low, 5.2cts/gal higher than the ultimate bottom line price.
 
Billings, MT - OPIS observed around 4 offers each day averaging 8.8cts/gal under the OPIS Low, 9.4cts/gal higher than the ultimate bottom line price.

Denver, CO - OPIS observed around 11 offers each day averaging 13.8cts/gal under the OPIS Low, 30.2cts/gal higher than the ultimate bottom line price.
 
Fountain, CO - OPIS observed around 7 offers each day averaging 17.2cts/gal under the OPIS Low, 18.5cts/gal higher than the ultimate bottom line price.
 
Sinclair, WY - OPIS observed around 4 offers each day averaging 3.9cts/gal under the OPIS Low, 2.3cts/gal higher than the ultimate bottom line price.
 
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How do Bottom Line Prices in the Rockies stack up against Spot Prices? 

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AUGUST 2024 RECAP:

The OPIS Bottom Line Report provides additional insight into offers observed in the downstream oil markets in the US at prices under the OPIS Terminal Rack Low. The August analysis takes a closer look at observed bottom line offers in the Rockies.

Ultra-Low Diesel No2
 
Albuquerque, NM - OPIS observed around 14 offers each day averaging 5.6cts/gal under the OPIS Low, 5.7cts/gal higher than the ultimate bottom line price.

Cheyenne, WY - OPIS observed around 10 offers each day averaging 14.6cts/gal under the OPIS Low, 5.7cts/gal higher than the ultimate bottom line price.

Colorado Springs, CO - OPIS observed around 7 offers each day averaging 6.2cts/gal under the OPIS Low, 8.0cts/gal higher than the ultimate bottom line price.
 
Denver, CO - OPIS observed around 24 offers each day averaging 1.9cts/gal under the OPIS Low, 4.4cts/gal higher than the ultimate bottom line price.
 
Salt Lake City, UT - OPIS observed around 13 offers each day averaging 4.6cts/gal under the OPIS Low, 8.4cts/gal higher than the ultimate bottom line price.
unnamed-Aug-26-2024-07-23-29-2371-PM

Unl CBOB Ethanol 10%

Albuquerque, NM - OPIS observed around 12 offers each day averaging 5.0cts/gal under the OPIS Low, 4.9cts/gal higher than the ultimate bottom line price.
 
Colorado Springs, CO - OPIS observed around 3 offers each day averaging 10.1cts/gal under the OPIS Low, 3.1cts/gal higher than the ultimate bottom line price.

Denver, CO - OPIS observed around 9 offers each day averaging 8.9cts/gal under the OPIS Low, 13.9cts/gal higher than the ultimate bottom line price.

Fountain, CO - OPIS observed around 5 offers each day averaging 11.3cts/gal under the OPIS Low, 6.4cts/gal higher than the ultimate bottom line price.

Sinclair, WY - OPIS observed around 4 offers each day averaging 3.7cts/gal under the OPIS Low, 2.5cts/gal higher than the ultimate bottom line price.

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How do Bottom Line Prices in the Rockies stack up against Spot Prices? 

ULS #2 - Weighted Bottom Line Prices Compared to Spot Prices

CBOB - Weighted Bottom Line Prices Compared to Spot Prices

 

JULY 2024 RECAP:

The July analysis of the OPIS Bottom Line Report provides additional insight into offers observed in the downstream oil markets in the US at prices under the OPIS Terminal Rack Low.

In July, OPIS observed some offers at about 4.63cts/gal less than posted prices for gasoline, compared to the approximate 4.95cts/gal in June. Meanwhile reformulated gasoline buyers saw offers about half a cent higher than June, at around 3.98cts/gal. OPIS observed some diesel offers about 3.63cts/gal under the lowest posted prices, about the same as June.

Screenshot 2024-07-23 085206

JUNE 2024 RECAP:

The June analysis of the OPIS Bottom Line Report provides additional insight into offers observed in the downstream oil markets in the US at prices under the OPIS Terminal Rack Low.

In June, OPIS observed some offers at about 5.19cts/gal less than posted prices for gasoline, compared to the approximate 4.46cts/gal in May. Meanwhile reformulated gasoline buyers saw offers slightly lower than May, at around 4.53cts/gal. OPIS observed some diesel offers of about 3.71cts/gal under the lowest posted prices, about a quarter of a cent lower than May.

Screenshot 2024-06-20 154553

 

MAY 2024 RECAP:

The May analysis of the OPIS Bottom Line Report provides additional insight into offers observed in the downstream oil markets in the US at prices under the OPIS Terminal Rack Low.

In May, OPIS observed some offers at about 4.46cts/gal less than posted prices for gasoline, compared to the approximate 5.3cts/gal in April. Meanwhile reformulated gasoline buyers saw offers about a cent higher than April, at around 4.1cts/gal. OPIS observed some diesel offers of about 3.43cts/gal under the lowest posted prices, about a quarter of a cent higher than April.

Screenshot 2024-05-21 173437

APRIL 2024 RECAP:

The April analysis of the OPIS Bottom Line Report provides additional insight into offers observed in the downstream oil markets in the US at prices under the OPIS Terminal Rack Low.

In April, OPIS observed some offers at about 5.4cts/gal less than posted prices for gasoline, compared to the approximate 5.0cts/gal in March. Meanwhile reformulated gasoline buyers saw offers slightly lower than March, at around 5.6cts/gal. OPIS observed some diesel offers about 3.5cts/gal under the lowest posted prices, about a quarter of a cent higher than March.

Screenshot 2024-04-22 193455

MARCH 2024 RECAP:

The March analysis of the OPIS Bottom Line Report provides additional insight into offers observed in the downstream oil markets in the US at prices under the OPIS Terminal Rack Low.

In March, OPIS observed some offers at about 4.91cts/gal less than posted prices for gasoline, compared to the approximate 5.0cts/gal in February. Meanwhile reformulated gasoline buyers saw offers slightly lower than February, at around 4.8cts/gal. OPIS observed some diesel offers about 3.83cts/gal under the lowest posted prices, about 1.25 cents higher than February.

Screenshot 2024-03-20 155648

FEB 2024 RECAP:

The February analysis of the OPIS Bottom Line Report provides additional insight into offers observed in the downstream oil markets in the US at prices under the OPIS Terminal Rack Low.

In  February, OPIS observed some offers at about 5.08cts/gal less than posted prices for gasoline, compared to the approximate 5.68cts/gal in January. Meanwhile reformulated gasoline buyers saw offers a half-cent lower than January, at around 5.13cts/gal. OPIS observed some diesel offers about 5.16cts/gal under the lowest posted prices, about a quarter of a cent higher than January.

Screenshot 2024-02-20 165050

JAN 2024 RECAP:


The January analysis of the OPIS Bottom Line Report provides additional insight into offers observed in the downstream oil markets in the US at prices under the OPIS Terminal Rack Low.

In January , OPIS observed some offers at about 5.8cts/gal less than posted prices for gasoline, compared to the approximate 6.6cts/gal in December. Meanwhile reformulated gasoline buyers saw offers slightly lower than December, at around 4.5cts/gal. OPIS observed some diesel offers about 5.4cts/gal under the lowest posted prices, about two cents lower than December.

Screenshot 2024-01-24 094405

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OPIS observes hundreds of branded and unbranded fuel offered prices below the posted OPIS Rack Low. Many of these deals are negotiated privately without notification. The OPIS Enhanced Bottom Line Report brings transparency to these “bottom line” values.

Benefits include:

  • Enhanced negotiating leverage with suppliers
  • Determine if the price you’re paying is competitive
  • Check the competitiveness of your discounts and pricing
  • Uncover what very large purchasers are likely paying
  • Compare price differences between morning and night with 2x/day publication

New enhanced features include:

  1. Bottom Line Average: The average of prices observed for wholesale fuel transactions below the OPIS Net Terminal Low.

  2. OPIS Observed Offer Count: The count of unique price offers under the OPIS Terminal Low.

  3. OPIS City ID: Easily map Bottom Line data to other OPIS reports.

Please note, the Enhanced Bottom Line Report will be available as a raw file. 

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