Also known as: truck rack, terminal rack
The rack is the loading facility for tank wagons at a fuel terminal.
The rack is made up of pipes suspended on a pipe rack (hence the name) connected to the terminal's fuel storage tanks. Tank trucks pull under the rack and are filled from above with fuel.
The rack price is a key pricing point in the refined product supply chain, reflecting pricing at the point where fuel has been loaded onto a truck and is ready for final delivery.