Mills Price provides a twice‑daily Mills Assessed Rack Clearing (MARC) report that aggregates buy‑ and sell‑side transaction data to deliver transparent, real‑time clearing prices for unbranded gasoline and diesel at each U.S. rack terminal. By weighting transactions by type, source, and volume, the service offers a single, affordable source of market‑tradeable values for commodity traders, refiners, distributors, and risk managers across all major spot markets.
Funding
Funding not disclosed
Founders
Product
Problem
Market participants lack affordable, real-time pricing data for U.S. gasoline and diesel rack markets, relying on expensive broker services or legacy data providers that offer limited transparency and infrequent updates.
Solution
Mills Price delivers a twice‑daily Mills Assessed Rack Clearing (MARC) report that aggregates buy‑ and sell‑side transaction evidence from terminals across the continental United States. By weighting each transaction by type, price source, and volume, the report produces transparent, market‑tradeable values for unbranded wholesale fuel at specific terminal cities and product specifications. The data are accessible without the high subscription fees typical of traditional brokers, enabling users to obtain timely market color and make informed trading decisions. Mills Price’s network approach ensures coverage of all major spot markets for gasoline and diesel, providing a single source of truth for rack pricing.
Target Audience
Primary customers are commodity traders, refiners, distributors, and risk managers who require up‑to‑date rack pricing for U.S. gasoline and diesel markets.
Features
- Twice‑daily MARC report with transaction‑clearing prices for each terminal city and product specification
- Integration of both buy‑side and sell‑side pricing evidence, weighted by transaction type, price type, and volume
- Full coverage of all rack terminals in the continental United States across major spot markets
- Separate pricing for gasoline and diesel rack products
- Transparent methodology that reflects true market‑tradeable values without broker mark‑ups