Rack hubs are located near population centers or refineries and pipelines; the average volume transacted varies significantly.

Number of rack hubs

Number of rack hubs by state and Petroleum Administration of Defense Districts (PADD)¹

Note: Excluding Alaska and Hawaii.

Dec 2024 figures projected based on Dec 2023 data adjusted for Jan 2023–Nov 2024 growth rate; adjusted by a factor of 0.8 to reflect total market volume.

Percentile rank based on 2021–24 gross volume CAGR, with most values ranging between –86% and +85%. 

Source: DTN; Energy Information Agency (EIA); Oil Price Information Service (OPIS); McKinsey analysis

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McKinsey & Company

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