摘要 |
<p>Embodiments disclosed herein provide a new way to generate estimated forward retail prices for a retail commodity within a geographic boundary that represents a target market. Using estimates for local retail prices, combined with knowledge of current and historical wholesale prices, embodiments disclosed herein enable the creation of a forward estimate of retail prices on fuels for a specific location, time period, and fuel grade. In some embodiment, the process of creating a forward estimate of retail prices on fuels comprises performing a predictive modeling utilizing wholesale gasoline prices, rack markup, retail markup, and taxes on a location, time period, and fuel grade basis. In some cases, the estimated forward retail prices thus generated can be used in a pricing model for price protection services for that retail commodity in that target market.</p> |
申请人 |
PRICELOCK, INC.;FELL, ROBERT, M.;PAINTER, SCOTT;BONSIGNORE, MICHAEL, R.;REED, BRIAN, P.;MAGNUSON, GARY, A.;GROS, THOMAS, D. |
发明人 |
FELL, ROBERT, M.;PAINTER, SCOTT;BONSIGNORE, MICHAEL, R.;REED, BRIAN, P.;MAGNUSON, GARY, A.;GROS, THOMAS, D. |