Terminal
Buckeye Terminals, LLC - Raceway
3230 N Raceway Road, PO Box 34176, Indianapolis, IN 46234
- pipelines supplying
- 1
- confirmed delivery points
- 1
- lowest ¢/bbl into this terminal
- 156.26
- terminals within 100 mi
- 22
Supplied by
Tariff delivery points this terminal sits on.
| Pipeline | Delivery point | Products | Match | Source |
|---|---|---|---|---|
| Buckeye Pipeline | CLERMONT | gasoline distillate | confirmed | FERC No. 446.52.0 |
Can be sourced from
| Origin | Pipeline or mode | Refineries at origin | ¢/bbl | Source |
|---|---|---|---|---|
| Lima OH | Buckeye Pipeline | Lima Refining Company | 156.26 | FERC No. 446.52.0 |
| Findlay OH | Buckeye Pipeline | junction or tank farm | 158.20 | FERC No. 446.52.0 |
| Chicago Complex IN | Buckeye Pipeline | junction or tank farm | 173.55 | FERC No. 446.52.0 |
| Toledo OH | Buckeye Pipeline |
Bp-Husky Refining LLC Toledo Refining CO LLC |
202.32 | FERC No. 446.52.0 |
| Detroit MI | Buckeye Pipeline | Marathon Petroleum CO LP | 234.82 | FERC No. 446.52.0 |
| Woodhaven MI | Buckeye Pipeline | junction or tank farm | 251.42 | FERC No. 446.52.0 |
Cost to serve this terminal by pipeline
What it costs to move a gallon here from a supply origin at filed tariff rates: line-haul, the cost of financing the product on the way and in the tank, pipeline loss, and terminaling. It is a cost at filed rates, not a market price: add it to the origin spot price for a delivered cost. The figure shown is the lowest route that starts where product enters the pipeline system; where a second pipeline is needed to reach here, both are costed. Lines marked "estimate" are placeholders until the pipeline or terminal figure is on file; in the routes table, * marks a figure taken from the tariff.
Gasoline: product adder
- ¢/gal · product adder
- 6.02
- ¢/gal · line-haul tariff · published
- 3.72
- ¢/gal · carrying cost · calculated
- 0.47
- ¢/gal · pipeline loss · estimate
- 0.32
- ¢/gal · terminaling · estimate
- 1.50
- days financed
- 9.1
Route used: from Lima on Buckeye Pipeline to CLERMONT (FERC No. 446.52.0 item Table 1).
How this adder is worked, line by line
| Line | ¢/gal | Basis | Source or working |
|---|---|---|---|
| Line-haul tariff | 3.721 | published | Buckeye Pipeline FERC No. 446.52.0 item Table 1: Lima → CLERMONT, 156.26 ¢/bbl |
| Carrying cost | 0.474 | calculated | $3.240000/gal × 5.8900% ÷ 365 × 9.074 days (1.574 in transit, 2.50 waiting on the cycle, 5.00 in terminal inventory); transit estimated: 151 pipeline miles at 4.0 mph (general estimate) |
| Pipeline loss | 0.324 | estimate | flat estimate $0.0032/gal, applied 1 time |
| Terminaling | 1.500 | estimate | Flat estimate: no fee on file for this terminal |
| Product adder | 6.019 | Sum of the lines above, over the origin spot price |
Every published route, lowest adder first (6 of 6). Origins are priced at the same index here. "Origin must be cheaper by" is how far below the price at the origin of the route used above a route's own origin price has to be before that route wins.
| Origin | Pipeline | Delivery point | Line-haul | Carrying | Loss | Terminaling | Adder ¢/gal | Days | Origin must be cheaper by | Tariff |
|---|---|---|---|---|---|---|---|---|---|---|
| Lima | Buckeye Pipeline | CLERMONT | 3.72 | 0.47 | 0.32 | 1.50 | 6.02 | 9.1 | — | FERC No. 446.52.0 item Table 1 effective 2025: check for a newer filing |
| Findlay starts part-way along the line | Buckeye Pipeline | CLERMONT | 3.77 | 0.49 | 0.32 | 1.50 | 6.09 | 9.5 | 0.07 | FERC No. 446.52.0 item Table 1 effective 2025: check for a newer filing |
| Chicago Complex | Buckeye Pipeline | CLERMONT | 4.13 | 0.48 | 0.32 | 1.50 | 6.44 | 9.2 | 0.42 | FERC No. 446.52.0 item Table 1 effective 2025: check for a newer filing |
| Toledo | Buckeye Pipeline | CLERMONT | 4.82 | 0.52 | 0.32 | 1.50 | 7.16 | 9.9 | 1.14 | FERC No. 446.52.0 item Table 1 effective 2025: check for a newer filing |
| Detroit | Buckeye Pipeline | CLERMONT | 5.59 | 0.54 | 0.32 | 1.50 | 7.96 | 10.3 | 1.94 | FERC No. 446.52.0 item Table 1 effective 2025: check for a newer filing |
| Woodhaven | Buckeye Pipeline | CLERMONT | 5.99 | 0.53 | 0.32 | 1.50 | 8.35 | 10.2 | 2.33 | FERC No. 446.52.0 item Table 1 effective 2025: check for a newer filing |
Diesel: product adder
- ¢/gal · product adder
- 6.43
- ¢/gal · line-haul tariff · published
- 3.72
- ¢/gal · carrying cost · calculated
- 0.72
- ¢/gal · pipeline loss · estimate
- 0.49
- ¢/gal · terminaling · estimate
- 1.50
- days financed
- 9.1
Route used: from Lima on Buckeye Pipeline to CLERMONT (FERC No. 446.52.0 item Table 1).
How this adder is worked, line by line
| Line | ¢/gal | Basis | Source or working |
|---|---|---|---|
| Line-haul tariff | 3.721 | published | Buckeye Pipeline FERC No. 446.52.0 item Table 1: Lima → CLERMONT, 156.26 ¢/bbl |
| Carrying cost | 0.716 | calculated | $4.890000/gal × 5.8900% ÷ 365 × 9.074 days (1.574 in transit, 2.50 waiting on the cycle, 5.00 in terminal inventory); transit estimated: 151 pipeline miles at 4.0 mph (general estimate) |
| Pipeline loss | 0.489 | estimate | flat estimate $0.0049/gal, applied 1 time |
| Terminaling | 1.500 | estimate | Flat estimate: no fee on file for this terminal |
| Product adder | 6.425 | Sum of the lines above, over the origin spot price |
Every published route, lowest adder first (6 of 6). Origins are priced at the same index here. "Origin must be cheaper by" is how far below the price at the origin of the route used above a route's own origin price has to be before that route wins.
| Origin | Pipeline | Delivery point | Line-haul | Carrying | Loss | Terminaling | Adder ¢/gal | Days | Origin must be cheaper by | Tariff |
|---|---|---|---|---|---|---|---|---|---|---|
| Lima | Buckeye Pipeline | CLERMONT | 3.72 | 0.72 | 0.49 | 1.50 | 6.43 | 9.1 | — | FERC No. 446.52.0 item Table 1 effective 2025: check for a newer filing |
| Findlay starts part-way along the line | Buckeye Pipeline | CLERMONT | 3.77 | 0.75 | 0.49 | 1.50 | 6.50 | 9.5 | 0.08 | FERC No. 446.52.0 item Table 1 effective 2025: check for a newer filing |
| Chicago Complex | Buckeye Pipeline | CLERMONT | 4.13 | 0.72 | 0.49 | 1.50 | 6.85 | 9.2 | 0.42 | FERC No. 446.52.0 item Table 1 effective 2025: check for a newer filing |
| Toledo | Buckeye Pipeline | CLERMONT | 4.82 | 0.78 | 0.49 | 1.50 | 7.58 | 9.9 | 1.16 | FERC No. 446.52.0 item Table 1 effective 2025: check for a newer filing |
| Detroit | Buckeye Pipeline | CLERMONT | 5.59 | 0.82 | 0.49 | 1.50 | 8.40 | 10.3 | 1.97 | FERC No. 446.52.0 item Table 1 effective 2025: check for a newer filing |
| Woodhaven | Buckeye Pipeline | CLERMONT | 5.99 | 0.81 | 0.49 | 1.50 | 8.78 | 10.2 | 2.36 | FERC No. 446.52.0 item Table 1 effective 2025: check for a newer filing |
Inputs and assumptions behind these figures
- Product value (for carrying cost and loss only): the prior day's spot price. Gasoline: OilPriceAPI GASOLINE_RBOB_USD, 2026-10-17. Diesel: OilPriceAPI HEATING_OIL_USD, 2026-10-17. These are the New York Harbor futures benchmarks, not a Gulf Coast price.
- Interest rate: SOFR 3.89% (2026-10-15) + 2.0 points.
- Transit (estimate): straight-line miles between the tariff origin and delivery point × 1.15, at 4.0 mph unless the pipeline has its own figure.
- Days financed (estimate): transit, plus half a 5-day shipping cycle waiting to lift (once for each pipeline on a two-pipeline route), plus 5 days of stock at the terminal.
- Pipeline loss: the charge or volume deduction the tariff states, where it states one (marked *; a deduction is costed at the product value above). Otherwise an estimate of 0.10% of product value per pipeline, two for a joint rate; that includes pipelines that share out actual losses without publishing a figure, and tariffs that state no loss term.
- Terminaling: the carrier's terminal charge where its tariff states one (marked *), otherwise a flat 1.5¢/gal estimate.
- Which route sets the figure: the lowest one that starts at a supply origin. On Colonial that is Houston. A rate that starts part-way along a pipeline, or at a secondary origin, stays in the table but does not set the figure. Where a rate starts at a point another carrier delivers to, the first carrier's lowest rate into that point is added, with its loss and time in the pipe; terminaling is charged once. The same is done where one pipeline files the movement as two rates. Which origins are treated this way is our own review of each system, not a statement in a tariff.
- Rates used: each pipeline's ordinary filed rate. Committed, volume-tier, discount and bid rates are left out, as are conditional fees (shown on each pipeline page), additives, taxes and the value of line space.
- Assumption set in force from 2026-10-01; review by 2027-01-01.
Stored snapshots of the product adder
Kept weekly, and whenever a tariff, terminal link, loss term or assumption changes. "What moved" compares each snapshot with the one before it.
| Snapshot | Product | Route | Adder ¢/gal | What moved |
|---|---|---|---|---|
| 2026-10-14 | Diesel | Lima · Buckeye Pipeline | 6.44 | carrying cost +0.04¢; pipeline loss +0.03¢ |
| 2026-10-14 | Gasoline | Lima · Buckeye Pipeline | 6.02 | carrying cost −0.00¢; pipeline loss −0.00¢ |
| 2026-10-11 | Diesel | Lima · Buckeye Pipeline | 6.37 | carrying cost −0.02¢; pipeline loss −0.01¢ |
| 2026-10-11 | Gasoline | Lima · Buckeye Pipeline | 6.02 | carrying cost −0.00¢; pipeline loss −0.00¢ |
| 2026-10-09 | Diesel | Lima · Buckeye Pipeline | 6.40 | first snapshot |
| 2026-10-09 | Gasoline | Lima · Buckeye Pipeline | 6.03 | first snapshot |
Terminals within 100 miles
| Terminal | City | Miles | Products (inferred from supply) |
|---|---|---|---|
| US Venture T-35-IN-3227 | Indianapolis, IN | 0.1 | gasoline distillate |
| Buckeye Terminals, LLC - Indianapolis T-35-IN-3238 | Indianapolis, IN | 0.4 | unknown |
| CSX Transportation Inc T-35-IN-3243 | Avon, IN | 4.0 | unknown |
| Kinder Morgan Liquids Terminals LLC T-35-IN-3204 | Indianapolis, IN | 5.7 | gasoline distillate |
| Marathon Speedway T-35-IN-3222 | Indianapolis, IN | 5.8 | gasoline distillate propane butane |
| Buckeye Terminals, LLC - Zionsville T-35-IN-3230 | Indianapolis, IN | 8.6 | unknown |
| NGL Supply Terminal Company LLC T-35-IN-3249 | Lebanon, IN | 16.7 | gasoline distillate natural gas liquids |
| Countrymark Cooperative LLP - Jolietville T-35-IN-3235 | Westfield, IN | 16.9 | gasoline distillate |
| Marathon Indianapolis T-35-IN-3219 | Indianapolis, IN | 26.7 | gasoline distillate propane butane jet fuel |
| Buckeye Terminals, LLC - Muncie T-35-IN-3229 | Muncie, IN | 60.3 | gasoline distillate jet fuel |
| Marathon Muncie T-35-IN-3221 | Muncie, IN | 60.4 | gasoline distillate jet fuel |
| HWRT Terminal - Seymour T-35-IN-3216 | Seymour, IN | 60.5 | gasoline distillate |
| Countrymark Cooperative LLP - Switz City T-35-IN-3237 | Switz City, IN | 65.4 | gasoline distillate |
| Countrymark Cooperative LLP - Peru T-35-IN-3236 | Peru, IN | 65.5 | gasoline distillate |
| CITGO - Huntington T-35-IN-3210 | Huntington, IN | 87.8 | gasoline distillate |
| Lassus Bros. Oil, Inc. - Huntington T-35-IN-3234 | Huntington, IN | 87.9 | gasoline distillate |
| Buckeye Development and Logistics II LLC T-35-IN-3251 | Huntington, IN | 87.9 | gasoline distillate jet fuel |
| Energy Transfer Marketing & Terminals LP T-35-IN-3231 | Huntington, IN | 88.0 | gasoline distillate jet fuel |
| Marathon Huntington T-35-IN-3208 | Huntington, IN | 88.0 | gasoline distillate jet fuel |
| Sunoco LLC T-35-IN-3211 | Huntington, IN | 88.1 | gasoline distillate jet fuel |
| Marathon Robinson T-37-IL-3360 | Robinson, IL | 92.6 | unknown |
| Robinson Refining Logistics T-37-IL-3374 | Robinson, IL | 93.2 | gasoline distillate jet fuel propane residual fuel |
Delivered ethanol cost
Estimate over Chicago ethanol (CHI)
+0.98¢/gal
By truck direct from Lincolnland Agri-Energy LLC (Palestine, IL), about 107 road miles.
Assumptions: TOE (Round 2 adders, realistic transit)
| Cost line | ¢/gal | How |
|---|---|---|
| Basis | -5.50 | table · Origin-state discount to Chicago |
| Truck freight | +5.33 | estimated · 107 road mi × $4/loaded mi ÷ 8,000 gal |
| Wholesale margin | +0.00 | flat |
| Terminal charge | +1.15 | flat · Terminaling estimate |
| Carrying cost | +0.00 | calculated |
| Delivered over CHI | +0.98 |