FUEL OFFERING AND PURCHASE MANAGEMENT SYSTEM
First Claim
1. A processor-implemented method to provide commodity offerings, comprising:
- setting by a processor at least one commodity offering terms for a commodity offering, including at least one geographic zone specification;
determining by the processor at least one commodity offering pricing value based on the at least one commodity offering terms and at least one commodity offering pricing model for the commodity offering;
providing by the processor the commodity offering, including at least one association based on the commodity offering pricing values between a strike price and a premium, for selection by a customer;
providing payment for some portion of a commodity purchase made by the customer for the exercised commodity offering based on a location of the exercised commodity offering and the at least one geographic zone specification, wherein the strike price of the commodity offering is less than a local retail commodity price.
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Accused Products
Abstract
The present disclosure is directed to facilitating pricing, sales and delivery of a commodity. In one embodiment, a Fuel Offer Generator 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 may later exercise the fuel offers so their fuel costs are locked-in at desired levels. 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. The Fuel Offer Generator allows for the management of regional fuel price offerings and allows for fuel offering redemption based on fuel pump prices.
5 Citations
21 Claims
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1. A processor-implemented method to provide commodity offerings, comprising:
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setting by a processor at least one commodity offering terms for a commodity offering, including at least one geographic zone specification; determining by the processor at least one commodity offering pricing value based on the at least one commodity offering terms and at least one commodity offering pricing model for the commodity offering; providing by the processor the commodity offering, including at least one association based on the commodity offering pricing values between a strike price and a premium, for selection by a customer; providing payment for some portion of a commodity purchase made by the customer for the exercised commodity offering based on a location of the exercised commodity offering and the at least one geographic zone specification, wherein the strike price of the commodity offering is less than a local retail commodity price. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21-55. -55. (canceled)
Specification