Systems and Method for Automated Purchase and Receipt of Consumer Motor Fuels for Periods in the Future

A computerized system for transacting the purchase and sale of consumer motor fuels between motor fuel merchants and retail consumers through software on a mobile or desktop connected device for periods in the future through the simultaneous execution of multi-party, multi-layered contingent transac...

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Bibliographische Detailangaben
Hauptverfasser: DiCosola, Nick, Murphy, Leo E, Blanton, James V, Kerins, William F, Ward, William K, Luque, Luis R, Mintz, Sagy P, Drew, Parker P, LeBlanc, JR., Joseph H, Miller, Robert A
Format: Patent
Sprache:eng
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Beschreibung
Zusammenfassung:A computerized system for transacting the purchase and sale of consumer motor fuels between motor fuel merchants and retail consumers through software on a mobile or desktop connected device for periods in the future through the simultaneous execution of multi-party, multi-layered contingent transactions and pricing algorithms to ensure that all inter-related motor fuel merchant transactions are simultaneously transacted upon a retail consumer purchase execution. Motor fuels include refined products such as gasoline and diesel fuel, renewable fuels (e.g. ethanol, biodiesel), natural gas (including liquefied natural gas), jet fuel and electricity.