Fuel distribution system and method
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United States of America Patent
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Mar 21, 2017
Grant Date -
N/A
app pub date -
May 15, 2014
filing date -
May 17, 2013
priority date (Note) -
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Abstract
A system and method for distributing fuel, managing fuel transactions, and determining fuel pricing. The system includes a fuel tank and dispensing systems connected thereto for serving customers. The dispensing systems include a meter measuring a volume of dispensed fuel and a data subsystem that transmits transaction data for fueling transactions completed during a first period. A tank gauge measures an ending volume of fuel at the end of the first period. A management system uses the transaction data to generate a usage report and invoice for the customers based on fuel usage during the first period. The management system further monitors the gauge and determines a price for the ending volume of fuel and a variance based on the measured ending volume of fuel and an expected volume. The variance is used to determine a second price for fueling transactions completed during a second period following the first period.
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