Appendix C OPIS 8-31-22.pdf

This document is an OPIS Contract Benchmark File for Los Angeles, California, dated August 31, 2022, providing pricing data for refined petroleum products. The file presents comparative pricing benchmarks for ultra-low sulfur distillate (ULSD) products with associated transportation costs, tracking prices from multiple major suppliers including Valero, Chevron, PSX, BP, Texaco, Shell, Marathon, and PDI. The benchmark data captures pricing terms across various contract structures (N-10, 1t45c, and Net positions) with move dates concentrated on August 30-31, 2022, establishing baseline pricing metrics for gross carb and ethanol-blended products in both Los Angeles and Long Beach markets.

The pricing data reflects OPIS Los Angeles Delivered Spot (SRI) benchmarks ranging from $388.90 to $468.75 per unit for gross carb ultra-low sulfur distillate, with corresponding moved pricing and cap-at-the-rack calculations provided for market analysis. The document includes secondary pricing metrics for low, high, and average rack positions (BRD and UBD), continuous contract averages for the period, and comparative retail pricing data for the Los Angeles-Long Beach area, with low retail pricing at $459.77 and average retail at $526.88. The LCFS (Low Carbon Fuel Standard) cost component is calculated at $12.6790, reflecting California's regulatory requirements for fuel suppliers. This benchmark file serves as a reference tool for contract negotiations and market pricing analysis in the regional petroleum distribution market.