Average Posted Terminal Price Law and Legal Definition

The "average posted terminal price" is defined as “the average posted rack price, as published by a petroleum price reporting service, at which motor vehicle fuel is offered for sale at the close of business on the determination date by all refiners and wholesalers of motor vehicle fuel at a terminal plus any excise, sales or use taxes imposed on the motor vehicle fuel or on its sale, any cost incurred for transportation and any other charges that are not otherwise included in the average posted rack price.” [Flying J v. Van Hollen, 2010 U.S. App. LEXIS 18439 (7th Cir. Wis. Sept. 3, 2010)].