You can create a price formula based on an Argus spot assessment. The price formula can be based on the trading day mean or low price. It can be tied to the previous or the current day Argus contract.
Your company must be an Argus subscriber in order to set up Argus price formulas through the DTN Fuel Buyer.
Argus price formulas will appear on the Price Analysis screen and can be exported through the Price Export screen. Argus price formulas will also be available through the Best Racks screen.
If your Argus price formula is based on the current day contract, it will not be available for display through Price Analysis or for export through Price Exports until the Argus price for the current day is available. This typically occurs in the late afternoon.