On-site generation of a fracturing fluid stream system includes a fracturing fluid generation assembly and a fracturing fluid supply assembly. The fracturing fluid generation assembly is configured to receive a hydrocarbon stream and to generate a fracturing fluid stream from the hydrocarbon stream. The fracturing fluid stream has an oxygen concentration, which is less than a limiting oxygen concentration for supporting combustion of a combustible fluid that is present within a subterranean formation. The fracturing fluid stream also has a combustible portion, which defines a concentration that is below a lower flammability limit of the combustible portion in the fracturing fluid stream. The fracturing fluid supply assembly is configured to receive the fracturing fluid stream and to convey the fracturing fluid stream to the subterranean formation to fracture the subterranean formation.