OPIS Adds Spot Prices into Rack Display

Fri Feb 1, 2008 10:00am EST

* Reuters is not responsible for the content in this press release.

Move offers unparalleled view of the market
ROCKVILLE, Md.--(Business Wire)--
Oil Price Information Service (OPIS), the nation's leading
supplier of rack pricing information, is adding a "Spot Mean" quote to
its daily wholesale rack price display. This unprecedented move will
enhance wholesale price visibility by showing the prior-day closing
spot price alongside the current day's rack price.

   "Our customers now have a more complete view of the market," said
Ben Brockwell, OPIS Director of Data and Pricing Services.
"Wholesalers and end-users are reacting to increased fuel price
volatility by expanding their purchasing to the spot level. By putting
the OPIS Spot Mean number right inside the rack display, our customers
benefit by seeing the two levels of pricing in one simple display."

   The new display debuts February 4, 2008 in more than 225 OPIS rack
cities in East of Rockies markets. In each of those cities, OPIS Spot
Mean quotes for Conventional Unleaded Gasoline, Ultra-Low-Sulfur
Diesel and Low-Sulfur Diesel will appear just below the wholesale rack
price averages. Each Spot price will show an FOB indicator (U.S. Gulf
Coast, Chicago, New York Harbor, etc.), so customers know instantly
which spot market bulk price is being referenced.

   The move means that OPIS customers now see in one display:

   --  individual supplier rack prices and rack averages,

   --  the relevant Spot prices for gasoline and distillate,

   --  the retail average "pump" price in the nearest metro region.

   "The addition of OPIS Spot Prices into the OPIS Rack Price display
completes the picture," noted Brockwell. "Our customers benefit by
gaining an unparalleled view of the market by accessing multiple
pricing levels for one subscription price."

   About OPIS

   Oil Price Information Service (OPIS) is the world's most
comprehensive source for petroleum pricing and news information. OPIS
receives more than 70,000 daily rack and spot prices for gasoline,
diesel, ethanol, biodiesel, LP-gas, jet fuel, propane, feedstocks,
resid and kerosene. OPIS spot gasoline, diesel and jet fuel prices are
heavily indexed as key benchmarks in national supply markets. OPIS
also receives daily retail gasoline and diesel prices for more than
125,000 retail outlets in the U.S. and Canada.
Newsletters, educational seminars, fax and email services are
available for petroleum marketers, jobbers, fleets, oil executives and
investment companies. For more information call 888-301-2645 or visit

Oil Price Information Service
Ben Brockwell, 732-730-2519
Director, Data and Pricing Services

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