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Alleged price gouging suit settled for $22.5 million | Richmond Register

Attorney General Andy Beshear announced Wednesday a 12-year-old lawsuit against Marathon Petroleum Company (MPC) and Speedway LLC over alleged gasoline price gouging has been settled for $22.5 million.

The settlement resolves claims that Ohio-based MPC and Speedway violated Kentucky’s Consumer Protection Act by engaging in price gouging in the wholesale and retail sale of gasoline in the wake of Hurricane Katrina, and that MPC engaged in wholesale price gouging following a 2011 flood event, according to a release from his office.

“This settlement was 12 years in the making and I am proud to finally see its conclusion,” said Beshear. “Since taking office, I have worked to protect Kentuckians and I am pleased by the resolution in this matter.”

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Alleged price gouging suit settled for $22.5 million | News | richmondregister.com.

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