Terminal
Magellan Pipeline Company, L.P.
5360 Eldora Rd, Waterloo, IA 50701
- pipelines supplying
- 1
- confirmed delivery points
- 1
- lowest ¢/bbl into this terminal
- 355.92
- terminals within 100 mi
- 11
Products available
As published by ONEOK (Magellan), effective 2025-02-25. Check with the terminal for current availability.
- Gasoline
- Regular 87, E10, low RVP
- Diesel
- #2 ULSD #2 ULSD fuel oil #1 ULSD
- Ethanol
- Ethanol
- Additives
- Cold flow improver Red dye (diesel) Premium diesel additive (cetane)
Supplied by
Tariff delivery points this terminal sits on.
| Pipeline | Delivery point | Products | Match | Source |
|---|---|---|---|---|
| Magellan Midstream | Waterloo, IA | gasoline distillate | confirmed | FERC No. 160.59.0 |
Can be sourced from
| Origin | Pipeline or mode | Refineries at origin | ¢/bbl | Source |
|---|---|---|---|---|
| Minneapolis (Pine Bend/St Paul Park/Roseville/Rosemount) MN | Magellan Midstream | Flint Hills Resources LP | 355.92 | FERC No. 160.59.0 |
| Oklahoma Central (Ponca City) OK | Magellan Midstream | Phillips 66 Company | 425.65 | FERC No. 160.59.0 |
| Kansas (Coffeyville/El Dorado/Kansas City Jct.) KS | Magellan Midstream | Hf Sinclair El Dorado Refining LLC | 425.65 | FERC No. 160.59.0 |
| Superior, WI WI | Magellan Midstream | Superior Refining Company LLC | 425.65 | FERC No. 160.59.0 |
| McPherson, KS KS | Magellan Midstream | Chs Mcpherson Refinery INC | 447.75 | FERC No. 160.59.0 |
| Wichita - Kansas City Interconnect (Phillips 66 Carrier) KS | Magellan Midstream joint | junction or tank farm | 506.09 | FERC No. 160.59.0 |
| Wynnewood, OK OK | Magellan Midstream | Wynnewood Refining CO | 508.89 | FERC No. 160.59.0 |
| Wynnewood, OK / Ardmore, OK (Valero Partners Wynnewood) OK | Magellan Midstream joint |
Valero Refining CO Oklahoma Wynnewood Refining CO |
538.83 | FERC No. 197.9.0 |
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
- 10.63
- ¢/gal · line-haul tariff · published
- 8.47
- ¢/gal · carrying cost · calculated
- 0.50
- ¢/gal · pipeline loss · published
- 0.16
- ¢/gal · terminaling · estimate
- 1.50
- days financed
- 9.5
Route used: from Minneapolis on Magellan Midstream to Waterloo, IA (FERC No. 160.59.0 item 205).
How this adder is worked, line by line
| Line | ¢/gal | Basis | Source or working |
|---|---|---|---|
| Line-haul tariff | 8.474 | published | Magellan Midstream FERC No. 160.59.0 item 205: Minneapolis (Pine Bend/St Paul Park/Roseville/Rosemount) → Waterloo, IA, 355.92 ¢/bbl |
| Carrying cost | 0.495 | calculated | $3.250000/gal × 5.8700% ÷ 365 × 9.471 days (1.971 in transit, 2.50 waiting on the cycle, 5.00 in terminal inventory); transit estimated: 189 pipeline miles at 4.0 mph (general estimate) |
| Pipeline loss | 0.163 | published | Magellan Midstream FERC No. 157.39.0 (Central rules), tender deduction: 0.05% of volume at $3.2500/gal = 6.83 ¢/bbl |
| Terminaling | 1.500 | estimate | Flat estimate: no fee on file for this terminal |
| Product adder | 10.632 | Sum of the lines above, over the origin spot price |
Every published route, lowest adder first (8 of 8). 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Minneapolis (Pine Bend/St Paul Park/Roseville/Rosemount) | Magellan Midstream | Waterloo, IA | 8.47 | 0.50 | 0.16* | 1.50 | 10.63 | 9.5 | — | FERC No. 160.59.0 item 205 |
| Superior, WI | Magellan Midstream | Waterloo, IA | 10.13 | 0.58 | 0.16* | 1.50 | 12.37 | 11.0 | 1.74 | FERC No. 160.59.0 item 206 |
| Kansas (Coffeyville/El Dorado/Kansas City Jct.) | Magellan Midstream | Waterloo, IA | 10.13 | 0.64 | 0.16* | 1.50 | 12.44 | 12.3 | 1.81 | FERC No. 160.59.0 item 201 |
| Oklahoma Central (Ponca City) | Magellan Midstream | Waterloo, IA | 10.13 | 0.69 | 0.16* | 1.50 | 12.48 | 13.1 | 1.85 | FERC No. 160.59.0 item 200 |
| McPherson, KS | Magellan Midstream | Waterloo, IA | 10.66 | 0.64 | 0.16* | 1.50 | 12.96 | 12.2 | 2.33 | FERC No. 160.59.0 item 255 |
| Wynnewood, OK | Magellan Midstream | Waterloo, IA | 12.12 | 0.77 | 0.16* | 1.50 | 14.54 | 14.7 | 3.91 | FERC No. 160.59.0 item 204 |
| Wichita - Kansas City Interconnect (Phillips 66 Carrier) | Magellan Midstream joint rate | Waterloo, IA | 12.05 | 0.65 | 0.98* | 1.50 | 15.18 | 12.5 | 4.54 | FERC No. 160.59.0 item 240 |
| Wynnewood, OK / Ardmore, OK (Valero Partners Wynnewood) | Magellan Midstream joint rate | Waterloo, IA | 12.83 | 0.77 | 0.33* | 1.50 | 15.42 | 14.7 | 4.79 | FERC No. 197.9.0 item 200 |
Diesel: product adder
- ¢/gal · product adder
- 10.97
- ¢/gal · line-haul tariff · published
- 8.47
- ¢/gal · carrying cost · calculated
- 0.75
- ¢/gal · pipeline loss · published
- 0.25
- ¢/gal · terminaling · estimate
- 1.50
- days financed
- 9.5
Route used: from Minneapolis on Magellan Midstream to Waterloo, IA (FERC No. 160.59.0 item 205).
How this adder is worked, line by line
| Line | ¢/gal | Basis | Source or working |
|---|---|---|---|
| Line-haul tariff | 8.474 | published | Magellan Midstream FERC No. 160.59.0 item 205: Minneapolis (Pine Bend/St Paul Park/Roseville/Rosemount) → Waterloo, IA, 355.92 ¢/bbl |
| Carrying cost | 0.752 | calculated | $4.940000/gal × 5.8700% ÷ 365 × 9.471 days (1.971 in transit, 2.50 waiting on the cycle, 5.00 in terminal inventory); transit estimated: 189 pipeline miles at 4.0 mph (general estimate) |
| Pipeline loss | 0.247 | published | Magellan Midstream FERC No. 157.39.0 (Central rules), tender deduction: 0.05% of volume at $4.9400/gal = 10.37 ¢/bbl |
| Terminaling | 1.500 | estimate | Flat estimate: no fee on file for this terminal |
| Product adder | 10.974 | Sum of the lines above, over the origin spot price |
Every published route, lowest adder first (8 of 8). 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Minneapolis (Pine Bend/St Paul Park/Roseville/Rosemount) | Magellan Midstream | Waterloo, IA | 8.47 | 0.75 | 0.25* | 1.50 | 10.97 | 9.5 | — | FERC No. 160.59.0 item 205 |
| Superior, WI | Magellan Midstream | Waterloo, IA | 10.13 | 0.88 | 0.25* | 1.50 | 12.76 | 11.0 | 1.78 | FERC No. 160.59.0 item 206 |
| Kansas (Coffeyville/El Dorado/Kansas City Jct.) | Magellan Midstream | Waterloo, IA | 10.13 | 0.97 | 0.25* | 1.50 | 12.86 | 12.3 | 1.88 | FERC No. 160.59.0 item 201 |
| Oklahoma Central (Ponca City) | Magellan Midstream | Waterloo, IA | 10.13 | 1.04 | 0.25* | 1.50 | 12.92 | 13.1 | 1.95 | FERC No. 160.59.0 item 200 |
| McPherson, KS | Magellan Midstream | Waterloo, IA | 10.66 | 0.97 | 0.25* | 1.50 | 13.38 | 12.2 | 2.41 | FERC No. 160.59.0 item 255 |
| Wynnewood, OK | Magellan Midstream | Waterloo, IA | 12.12 | 1.16 | 0.25* | 1.50 | 15.03 | 14.7 | 4.05 | FERC No. 160.59.0 item 204 |
| Wynnewood, OK / Ardmore, OK (Valero Partners Wynnewood) | Magellan Midstream joint rate | Waterloo, IA | 12.83 | 1.16 | 0.49* | 1.50 | 15.99 | 14.7 | 5.01 | FERC No. 197.9.0 item 200 |
| Wichita - Kansas City Interconnect (Phillips 66 Carrier) | Magellan Midstream joint rate | Waterloo, IA | 12.05 | 0.99 | 1.48* | 1.50 | 16.02 | 12.5 | 5.05 | FERC No. 160.59.0 item 240 |
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, 2026-10-13. Diesel: OilPriceAPI HEATING_OIL_USD, 2026-10-13. These are the New York Harbor futures benchmarks, not a Gulf Coast price.
- Interest rate: SOFR 3.87% (2026-10-09) + 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 |
|---|---|---|---|---|
| 2026-10-11 | Diesel | Minneapolis · Magellan Midstream | 10.92 | carrying cost −0.02¢; pipeline loss −0.01¢ |
| 2026-10-11 | Gasoline | Minneapolis · Magellan Midstream | 10.64 | carrying cost −0.00¢; pipeline loss −0.00¢ |
| 2026-10-09 | Diesel | Minneapolis · Magellan Midstream | 10.95 | first snapshot |
| 2026-10-09 | Gasoline | Minneapolis · Magellan Midstream | 10.64 | first snapshot |
Terminals within 100 miles
| Terminal | City | Miles | Products (inferred from supply) |
|---|---|---|---|
| Buckeye Terminals, LLC T-42-IA-3468 | North Liberty, IA | 60.7 | gasoline distillate |
| Magellan Pipeline Company, L.P. T-42-IA-3465 | Clear Lake, IA | 67.6 | gasoline distillate |
| Magellan Pipeline Company, L.P. T-42-IA-3463 | Coralville, IA | 68.2 | gasoline distillate |
| Growmark T-42-IA-3461 | Duncombe, IA | 71.1 | gasoline distillate |
| Phillips 66 Pipeline - Pleasant Hill T-42-IA-3470 | Pleasant Hill, IA | 82.5 | gasoline distillate |
| Magellan Pipeline Company, L.P. T-42-IA-3457 | Des Moines, IA | 83.0 | gasoline distillate jet fuel natural gasoline butane propane transmix |
| BP Products North America Inc T-42-IA-3458 | Peosta, IA | 83.4 | gasoline distillate jet fuel |
| Kinder Morgan Liquids Terminals LLC T-41-MN-3402 | Spring Valley, MN | 85.9 | gasoline distillate |
| Magellan Pipeline Company, L.P. T-42-IA-3460 | Dubuque, IA | 86.2 | gasoline distillate |
| Buckeye Terminals, LLC T-42-IA-3456 | Des Moines, IA | 88.7 | unknown |
| Buckeye Terminals, LLC T-42-IA-3469 | Ottumwa, IA | 98.6 | gasoline distillate |
Delivered ethanol cost
Estimate over Chicago ethanol (CHI)
-9.97¢/gal
By truck direct from POET Biorefining - Shell Rock LLC (Shell Rock, IA), about 28 road miles.
Assumptions: TOE (Round 2 adders, realistic transit)
| Cost line | ¢/gal | How |
|---|---|---|
| Basis | -12.50 | table · Origin-state discount to Chicago |
| Truck freight | +1.38 | estimated · 28 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 | -9.97 |