Prices overview
The DTN FastRacks system calculates an average gas and diesel price for each Spot Market. This calculation is based on all gross supplier prices that are posted through DTN and currently in effect.
Prices are updated daily based on the DTN FastRacks published schedule approximately 06:00 Central Time (CT).
If the average prices have not been updated in more than a day, DTN Operations receives an alert to correct the problem.
A product’s class is determined by mapping each PIDX family to either gas or diesel. This mapping is maintained by DTN.
The Spot Market calculates the average gas and diesel price based on the terminal assigned TCN (Terminal Control Number). The DTN Fast Racks Pricing Region displays on the Terminal Details page (Data Management > Terminals > Terminal Details) . If no Fast Rack Region is set, an average from all Regions is used.
Price Management field descriptions
The following fields are available on the Price Management page.
| Field | Description |
|---|---|
| Summary Data: |
Displays the date and time the average spot price was generated. |
| Spot Market: | Identifies the spot region in which the average spot price was calculated as received from DTN FastRacks. |
| Product Class: |
Specifies the product class. Options are:
|
| Price: |
Indicates the average of the Estimated Spot Region Gas Price and Estimated Spot Region Distillate Price for the region. This field can be modified. |
| Currency: | Identifies the country currency used to calculate the average spot price. |
| Unit of Measure: |
Specifies the unit of measure used for the average spot price. Options are:
|
| Comments: | Provides comments when modifying a spot price for the region. This is an optional field. |
| Modified By: |
Indicates how the price was modified. Options are: DTN FastRack – if system generated <User Name> – if modified manually |
| Modified Date: | Displays the date the price was modified. |