OnDemand WTP Pricing Research

Tag: Gasoline Prices

Energy prices to fall for millions as Ofgem lowers cap | BBC News

Energy prices to fall for millions as Ofgem lowers cap | BBC News

The price of energy is set to fall for millions of British households this October after the regulator, Ofgem, lowered price caps. Ofgem sets maximum prices that can be charged for gas and electricity to those who have not switched suppliers and are on default tariffs. The new cap could see these households typically pay […]

Gas prices: Marathon, Speedway to pay Kentucky in gouging lawsuit | courier journal

Gas prices: Marathon, Speedway to pay Kentucky in gouging lawsuit | courier journal

Attorney General Andy Beshear has settled a 12-year-old lawsuit for more than $22 million against Marathon Petroleum Co. and Speedway LLC over alleged price gouging. The lawsuit, which was filed in May of 2007 by then-Attorney General Greg Stumbo, alleged that Marathon and Speedway violated Kentucky law by engaging in price gouging in gasoline sales following […]

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

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 […]

Stores deny allegations of price gouging after Dayton-area tornadoes [Video] | WBNS-10TV Columbus, Ohio

Stores deny allegations of price gouging after Dayton-area tornadoes [Video] | WBNS-10TV Columbus, Ohio

In response to an open records request by 10 Investigates, the Ohio Attorney General’s Office sent 10TV data showing it received 31 storm-related complaints — nearly all about price-gouging following the storms that struck the Dayton-area in late May. A 10 Investigates review of those complaints found 11 occurred at the AM-PM convenience store off […]

How dynamic pricing algorithms can increase gross profit by +10% | Towards Data Science

How dynamic pricing algorithms can increase gross profit by +10% | Towards Data Science

The Oil & Gas sector in Brazil has been facing challenges due to the economic crisis and the technological revolution. These are the main pain points: 1. The fuel resale segment is in a context of restrained margins by both sides of the supply chain: • The upstream segment reduces gas stations margins through increased […]

Justices Affirm PUC’s Record Price-Gouging Fine Against Energy Distributor | The Legal Intelligencer

Justices Affirm PUC’s Record Price-Gouging Fine Against Energy Distributor | The Legal Intelligencer

The Pennsylvania Public Utility Commission’s record-high fine against an energy distribution company that allegedly overcharged customers during the 2014 polar vortex was proper, the Pennsylvania Supreme Court has ruled. In HIKO Energy v. Pennsylvania Public Utility Commission, the justices ruled 5-2 to affirm a 2017 decision by a sharply divided en banc panel of the Commonwealth Court. Electric […]

Florida unveils app to report price-gouging | FOX 13 Tampa Bay

Florida unveils app to report price-gouging | FOX 13 Tampa Bay

TAMPA, Fla. (FOX 13) – The next time you feel like you’re getting price-gouged and want to report it, there’s an app for that. Florida Attorney General Ashley Moody just unveiled a new anti-price-gouging app. It’s part of her plan fight gouging as hurricane season begins. Read complete article here: Florida unveils app to report […]

Mo. AG warns of price gouging, scams in wake of tornadoes, storms, flooding | KFVS

Mo. AG warns of price gouging, scams in wake of tornadoes, storms, flooding | KFVS

JEFFERSON CITY, Mo. (KFVS) – In the wake of Wednesday’s tornado in Jefferson City, recent storms and on-going flooding, Attorney General Eric Schmitt is urging Missourians to be vigilant when making repairs. Schmitt is concerned about scammers and price gouging. Anyone experiencing or witnessing fraud is asked to report any wrong-doing to the Attorney General’s […]

6 Texas Gas Stations Agree To Refund Customers For Hurricane Harvey Price Gouging | CBS Dallas / Fort Worth

6 Texas Gas Stations Agree To Refund Customers For Hurricane Harvey Price Gouging | CBS Dallas / Fort Worth

AUSTIN, Texas (CBSDFW.COM) –  The Texas Attorney General’s Office’s Consumer Protection Division settled lawsuits against two Texas gas stations accused of price gouging during the Hurricane Harvey disaster. The AG’s Office also secured Assurances of Voluntary Compliance with four Dallas-Fort Worth Metroplex gas stations. Under separate agreements, Encinal Fuel LLC and Lafayette C-Store will each […]

No more gas price gouging says Windsor MP | Blackburn News

No more gas price gouging says Windsor MP | Blackburn News

The MP for Windsor West is demanding more protection for consumers who are being gouged at the gas pump. Brian Masse wants the federal government to restore the Gas Price Monitoring Agency and brought up the issue during Question Period in Ottawa Thursday afternoon. “Mr. Speaker, with gas prices soaring once again nothing protects Canadians from […]