About the Author: Scott Berhang Scott is an oil industry veteran with nearly 40 years of experience covering wholesale gasoline and diesel fuel markets, spot markets and industry news. Scott developed the OPIS West Coast Spot Market Report, which has been the industry spot price benchmark for over 20 years. Scott has spoken at many industry events teaching fuel buyers the latest strategies on how to purchase rack and spot barrels more effectively. About OPIS Oil Price Information Service (OPIS) by IHS Markit provides price transparency across the global fuel supply chain so that all stakeholders can buy and sell oil products with confidence. We do this through accurate pricing, real-time news, powerful software tools and educational events and training. Our commitment to reliability is reinforced by worldclass, personalized customer service and constant innovation. OPIS listens to what customers need and responds with flexible and easy-to-use solutions. Navigating world oil markets is complex – OPIS makes it simpler. opisnet.com. Learn more at Contact OPIS Share to Social Media! Tel: +1 888.301.2645 2099 Gaither Road, 5th Floor (toll-free within the U.S.) or Rockville, MD 20850-4089 +1 301.284.2000 Email: [email protected]

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