Simply fill out the membership application . We will match your requirements up with our system roll-out plan and contact you when we open for business in your area. The American Petroleum Exchange begins operations for Charter Members in August, 2000. Full operation will begin after our pilot phase is complete. Applications for additional members are being accepted right now.
Buyer posts an offer to purchase fuel and receives bids from sellers.
The offer includes product type, quantity, nearest rack location, lifting date, delivery or pick-up, and the expiration time of the auction. If the request is for delivery, the buyer specifies the destination zone or tariff miles. The buyer may also enter a limit price above which buyer is not willing to pay. Once the auction expires, The Exchange immediately selects the lowest bid and notifies both parties of a completed transaction. Buyer Price-Specified Exchange.