marathon oil

Judge Rules for Marathon in Gouging Case

by Tony McVeigh on May 25, 2011

A Frankfort judge, in a price gouging case against Marathon Petroleum, has refused to force the oil company to roll back gas prices in Kentucky.

In the wake of April flooding, Kentucky Attorney General Jack Conway accused Marathon Petroleum of price gouging during a State of Emergency declared on April 26th.

Conway wanted Franklin Circuit Judge Thomas Wingate to order Marathon to roll back gas prices to pre-emergency levels, but Wingate has refused to do so.

In a 10-page order, Wingate says Conway failed to prove Marathon’s price increases were unrelated to any increased cost to the seller, despite the oil giant’s admitted use of the spot market to set those prices.

Although the request for injunctive relief is denied, the original price gouging case against Marathon, initiated in 2007 in the wake of Hurricanes Katrina and Rita, continues.

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Experts Testify in Gas Price Gouging Case

by Tony McVeigh May 19, 2011

In Frankfort, two economic experts battled it out in a day long hearing in Kentucky’s gas price gouging case against Marathon Petroleum. The state is accusing Marathon of gasoline price gouging during a state of emergency declared on April 26th and still in effect. Peter Ashton, a consulting economist for the attorney general’s office, said […]

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Nothing Resolved In Marathon Price Gouging Lawsuit

by Tony McVeigh May 16, 2011

Kentucky Attorney General Jack Conway and attorneys for Marathon Oil faced off in Franklin Circuit Court this morning.  Conway accuses Marathon of gasoline price gouging during a state of emergency. Attorney Sheryl Snyder, who represents Marathon, says the case appears to have more to do with price control than price gouging.  “They’re not even alleging that […]

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