Economy

Kentucky AG accuses Marathon Oil of price gouging

FRANKFORT — Attorney General Jack Conway accused Marathon Petroleum Co. LLC Friday of illegally raising the wholesale price of gasoline and other motor fuels in markets across the state during a time of emergency due to heavy rains.

Conway filed a motion for a temporary injunction in Franklin Circuit Court against the oil company.

"I want to thank Kentuckians who called or emailed our office to report the drastic changes in gas prices that reached more than $4 a gallon at the pump in many communities," Conway said in a statement.

"Gas prices jumped about 30 cents overnight. The tips provided by consumers and retailers helped us bring this action that will hopefully provide some relief for Kentuckians who are struggling to put gas in the car and clean up from flooding," he said.

Conway's motion alleges that Marathon violated Kentucky's price-gouging law that was triggered when Gov. Steve Beshear declared a state of emergency on April 26 in the wake of flooding, largely in Western Kentucky.

Marathon officials were not immediately available for comment.

To read the complete article, visit www.kentucky.com.

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