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Fuel offering and purchase management system

  • US 8,311,928 B2
  • Filed: 04/09/2007
  • Issued: 11/13/2012
  • Est. Priority Date: 04/09/2007
  • Status: Active Grant
First Claim
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1. A processor-implemented method to provide commodity offerings, comprising:

  • setting at least one commodity offering term for a commodity offering;

    setting at least one commodity offering exercise restriction for a commodity offering;

    determining by a processor at least one commodity offering pricing value based on the at least one commodity offering term and at least one commodity offering pricing model for the commodity offering;

    providing the commodity offering, including two or more associations, based on the commodity offering pricing value, between strike prices and premiums, for selection by a customer;

    receiving a customer selection of at least one of the two or more associations; and

    providing payment for some portion of a commodity purchase for an exercised commodity offering based on the customer selection subject to the at least one commodity offering exercise restriction, wherein the strike price of the commodity offering is less than a geographically averaged commodity price.

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