Fuel Offering and Purchase Management Sytem
2 Assignments
0 Petitions
Accused Products
Abstract
The present disclosure is directed towards apparatuses, systems and methods to facilitate the pricing, sales and delivery of a commodity fuel to a Customer. In one embodiment, the disclosure teaches a Fuel Offer Generator that facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers can buy these fuel offers such that they may later exercise the fuel offers so their fuel costs are locked-in at desired levels (e.g., they may be set to strike prices). The Fuel Offer Generator also can establish a Premium Price that will be part of the fuel offer. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. Ultimately, a customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. While the Fuel Offer Generator may place various constraints on redemption, it will employ various consumer behavior metrics to establish the pricing of fuel offerings.
-
Citations
75 Claims
-
1-51. -51. (canceled)
-
52. A computer processor-implemented method to generate fuel offerings, comprising:
-
determining, by a computer processor, a strike price and a premium price for a fuel offering based on a commodity offering pricing model; establishing, by the computer processor, a usage restriction for the fuel offering; providing the fuel offering for selection by a customer; receiving, at the computer processor, a selection of the fuel offering from the customer; and providing payment to the customer, in response to an exercise of a portion of the fuel offering by the customer, if the strike price is less than a retail price associated with the exercise and the usage restriction is satisfied. - View Dependent Claims (59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75)
-
-
53-55. -55. (canceled)
-
56. A non-transitory computer processor readable medium including instructions that, when executed by one or more computer processors, direct the one or more computer processors to:
-
determine a strike price and a premium price for a fuel offering based on a commodity offering pricing model; establish a usage restriction for the fuel offering; provide the fuel offering for selection by a customer; receive a selection of the fuel offering from the customer; and provide payment to the customer, in response to an exercise of a portion of the fuel offering by the customer, if the strike price is less than a retail price associated with the exercise and the usage restriction is satisfied.
-
-
57. (canceled)
-
58. An apparatus to generate fuel offerings, comprising:
-
a memory including computer processor executable instructions; and a computer processor disposed in communication with said memory, and configured to execute the instructions to; determine a strike price and a premium price for a fuel offering based on a commodity offering pricing model; establish a usage restriction for the fuel offering; provide the fuel offering for selection by a customer; receive a selection of the fuel offering from the customer; and provide payment to the customer, in response to an exercise of a portion of the fuel offering by the customer, if the strike price is less than a retail price associated with the exercise and the usage restriction is satisfied.
-
Specification